Blockstream CEO Adam Back stated that insurers will begin passively allocating funds to Bitcoin, joining mutual funds and pension funds in what he calls the third phase of Bitcoin adoption. He also mentioned that large investment banks are expected to recommend Bitcoin allocations ranging from 2% to 4%. This reflects a growing institutional acceptance of Bitcoin as part of diversified investment portfolios. Back's comments highlight a shift towards mainstream financial institutions integrating Bitcoin into their asset management strategies.
Adam Back's statement on insurers beginning passive Bitcoin allocations provides context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Nov 09, 2026 13:51 WIB: out of 50 major cryptocurrencies, 6 rose and 43 fell today. Notable movers include SXP (Solar) down 46.27% at Rp37 with a typical hold time of 94 days, ONE (Harmony) down 19.51% at Rp29 with a typical hold time of 153 days and a near-even Pluang order split of 51% Sell / 49% Buy, and BAL (Balancer) up 11.14% at Rp16.297 with a typical hold time of 85 days.
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CNH Industrial has agreed to sell a 70% stake in its construction equipment business to Kobelco Construction Machinery, forming a joint venture valued at $1 billion. This move allows CNH to focus on becoming a pure-play agriculture equipment and tech...
