The company is one of the biggest supporters of bitcoin growth and is now undergoing changes to prepare for the future.
Adam Back (Photo/X)
Optimistic about future prospects for bitcoin, Adam Back said that the moment is crucial for the digital currency. His comments were made public last Wednesday (30/4) while he discussed changes occurring at Blockstream.
“We are at a crucial moment for the growth of Bitcoin,” said Blockstream's co-founder and CEO, Adam Back. “Spot ETFs have opened the floodgates, institutions are rushing to get involved with Bitcoin, and individual interest is accelerating. As we look to the future, we will continue to explore ways to generate the greatest impact, focusing on building the rails and financial infrastructure to help ensure Bitcoin's long-term success.”
The new institutional interest has driven Blockstream's business, which received a multimillion-dollar investment at the end of 2024. Thus, the company has been seeking to improve products and technologies related to bitcoin so that the market absorbs the currency more naturally.
Blockstream Mining will operate as an independent company.
Some of the changes taking place at the company in 2025 include the restructuring of Blockstream Mining, which will operate as a separate company. The satellite division will also move to this company, leaving the main business.
Furthermore, Blockstream's statement makes it clear that it intends to evolve the technology of bitcoin sidechains, such as Liquid and Lightning Network. Products like the self-custody wallets Blockstream Green and Jade are also among the priorities.
For the long term, the bitcoin company aims to improve research on ASICs, as well as create new financial products to meet institutional demand. In the roadmap update, the business led by Adam Back makes it clear that it has an office in Lugano (Switzerland) and now in Tokyo (Japan). With both locations, the company wants to accelerate the R&D process for new bitcoin products that cater to the international market.
“These efforts reinforce the role of Bitcoin as a global financial and settlement layer, while supporting the next wave of decentralized innovation,” concluded the company.
Have you changed your mind about institutional adoption?
In 2020, Adam Back gave an interview stating that bitcoin did not need more institutional adoption at that time. According to his old vision, which may have changed, the simple adoption by small investors would lead the price of bitcoin above 300 thousand dollars in the next five years. In other words, his forecast is that by 2025 the price would achieve significant appreciation.
Now, in 2025, Adam Back is leading the way with his company to assist institutional adoption, showing that he has already understood the importance of this market movement.
