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Add as a preferred source on GoogleAdam Back Says Insurers Will Begin Passive Bitcoin Allocations
He grouped insurance companies with mutual funds and pension funds in what he described as Bitcoin’s third adoption phase.
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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.
The comments appeared in a video post dated Nov. 7.
Sonny Jang
ReporterSonny Jang reports on people and leadership in digital assets for TokenPost. Send corrections or tips to info@tokenpost.com.