▶Bitcoin MagazineAdam Back: Pension Funds Are Bitcoin’s “Third Wave” of AdoptionThe first wave of Bitcoin adoption was individuals. The second was the ETFs. Adam Back, CEO & Co-Founder of Blockstream, explains why the third wave of model portfolios, managed funds and pension funds is still largely to come, and how Swiss banks are getting ready for it.Chapters:00:00 Why Blockstream Opened an Office in Lugano01:20 Why Blockstream Started Offering Consulting02:01 Swiss Banks Want Quantum-Safe Bitcoin Custody03:04 Tokenized Money Market Funds vs. Stablecoins04:13 Tokenized Shares on Liquid and Blockstream AMP05:55 Where Institutions Still Get Stuck07:00 Build In-House or Use a Custodian?08:01 How Regulation Shapes Bitcoin Custody10:01 Basel Rules and the Cost of Holding Bitcoin10:40 The Three Waves of Bitcoin AdoptionDISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.This post Adam Back: Pension Funds Are Bitcoin’s “Third Wave” of Adoption first appeared on Bitcoin Magazine and is written by Mark Mason.