📰 【Adam Back: Institutional Fund Inflows into Bitcoin Are Slower Than Expected, May Take 12 to 18 Months to Accumulate Positions】

BlockBeats news, April 29th, some observers believe that Morgan Stanley's earlier entry into the U.S. spot Bitcoin ETF this month could serve as a catalyst to end the current crypto bear market, citing the large distribution network of this Wall Street giant with $8 trillion in wealth management. However, Adam Back, CEO of Blockstream and an early contributor to the Bitcoin community, said "not so fast." Back has recently been speculated by The New York Times to be Satoshi Nakamoto—the anonymous creator of Bitcoin—and he denied this. Back stated that, based on positive market signals, a Bitcoin ETF might be the most important development in the near term, even more so than a pro-crypto U.S. government...
That guy Adam Back is once again pouring cold water on the market. The $8 trillion distribution capacity sounds impressive, but institutional accumulation over 12-18 months? That pace is slower than a turtle. Morgan Stanley’s moves at best are just prolonging the bear market; don’t expect it to be a savior. Market sentiment has been overly inflated, and $BTC ’s rebound is just an illusion created by data. Don’t get swept up by news; staying cool and observing the market calmly is the right approach.

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