Adam Back Says Insurers Will Begin Passive Bitcoin Allocations

Blockstream CEO Adam Back said insurers will begin passively allocating to Bitcoin (BTC), alongside mutual funds and pension funds, as part of what he described as a third phase of adoption. Back also said large investment banks will recommend Bitcoin allocations of 2% to 4%. The remarks revisit Back’s description of pension funds as a Bitcoin adoption phase , which also covered managed funds and model portfolios. Sonny Jang reports on people and leadership in digital assets for TokenPost. Send corrections or tips to info@tokenpost.com.

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