Adam Back: Pension Funds Are Bitcoin’s “Third Wave” of Adoption

Adam Back believes that pension funds are the third wave of adoption for Bitcoin, as they are starting to invest in the cryptocurrency. Back explains that Swiss banks are already preparing for this wave of adoption, which may lead to increased institutional investment in the crypto market. The adoption of Bitcoin by pension funds may have a significant impact on the crypto market, as it could lead to increased demand and higher prices. Pension funds are significant investors, and their investment in Bitcoin could provide a boost to the crypto market. Back's prediction is based on the growing interest in Bitcoin among institutional investors, which may lead to increased adoption and higher prices. The third wave of adoption may also lead to increased regulatory scrutiny, as authorities may be concerned about the potential risks associated with pension funds investing in cryptocurrencies.