#blockstream

➤ Blockstream's CMO, Peter Bain, asserts that Bitcoin is the sole 'institutional grade asset' due to its decentralized, battle-tested nature and existing financial infrastructure. ➤ Blockstream has developed a three-layer Bitcoin-native financial system (Liquid Network for capital markets/RWA tokenization, Lightning for payments) designed to meet institutional needs with a strong security track record. ➤ The article highlights the growing institutional confidence in Bitcoin, evidenced by ETF inflows and the increasing view of Bitcoin as a core holding and foundational infrastructure for future finance.

➤ France-listed Bitcoin treasury company Capital B has raised $1.28 million through a warrant issuance to accelerate its Bitcoin treasury strategy. ➤ Blockstream CEO Adam Back participated in the fundraising, increasing his stake in Capital B. ➤ Capital B continues its accumulation strategy, holding approximately 2,943 BTC, and its shares saw a positive reaction to the news.

➤ The launch of spot Bitcoin ETFs in the US is a positive signal, but their impact on prices is taking longer than expected due to slow institutional capital allocation. ➤ Major financial institutions like BlackRock, Fidelity, and Morgan Stanley are acting as structural allies for the crypto sector, influencing regulatory and political landscapes. ➤ Institutional investors are conducting rigorous risk assessments, including long-term threats like quantum computing, which, despite some information asymmetry, is paving the way for Bitcoin's deeper integration into global investment strategies.

➤ Blockstream CEO Adam Back predicts that full institutional adoption of Bitcoin ETFs will take 12-18 months, despite recent approvals and major financial institutions' involvement. ➤ He notes that while initial ETF purchases have occurred, fund managers are still slow to implement recommended allocations, indicating a methodical, long-term integration rather than immediate market momentum. ➤ Financial institutions like BlackRock and Morgan Stanley are now incentivized to advocate for crypto-friendly regulations due to their vested interests in the Bitcoin ETF ecosystem, while quantum computing remains a long-term concern.

➤ Blockstream CEO Adam Back discusses the real, but distant, quantum computing threat to Bitcoin, advocating for proactive upgrade implementations like Blockstream's 'Shrinks' proposal. ➤ He analyzes BlackRock's quantum risk disclosures as fiduciary duty rather than market manipulation, and highlights the positive impact of 'sticky' ETF capital on Bitcoin's price stability. ➤ Back maintains a bullish outlook with a $500K-$1M Bitcoin price target within 24 months, contingent on the arrival of a significant institutional investment wave.

➤ Adam Back, CEO of Blockstream, urges the Bitcoin ecosystem to proactively plan for future quantum threats by developing quantum-resistant cryptography. ➤ While the immediate threat is considered distant, Back advocates for a staged, optional upgrade approach, highlighting efforts like hash-based signatures on the Liquid Network and Taproot's flexibility. ➤ The discussion involves technical preparedness, potential governance debates (like freezing vulnerable coins), and the need for consensus-driven, non-disruptive upgrades to ensure Bitcoin's long-term security.