According to a report on April 29th, some observers believe that Morgan Stanley's entry into the US spot Bitcoin ETF may serve as a catalyst for ending the cryptocurrency bear market, as it has the distribution capability of an $8 trillion wealth advisory network. However, Blockstream CEO Adam Back stated that institutional adoption is slow, and ETF portfolio building may take 1 to 18 months. He mentioned the impact of Bitcoin's four-year halving cycle and believed that the market's strength needs to wait for institutional capital inflows to manifest. In addition, he denies being the founder of Bitcoin, Satoshi Nakamoto, and claims that the institution's risk management on the threat of quantum computing is more systematic.
