# Bitcoin's Real Buyers Haven't Arrived Yet - Adam Back

Page: https://stenobird.com/podcast/the-wolf-of-all-streets-1215618/bitcoin-s-real-buyers-haven-t-arrived-yet-adam-back
Text version: https://stenobird.com/podcast/the-wolf-of-all-streets-1215618/bitcoin-s-real-buyers-haven-t-arrived-yet-adam-back.md
Podcast: [The Wolf Of All Streets](https://stenobird.com/podcast/the-wolf-of-all-streets-1215618)
Published: 2026-05-24T12:52:00+00:00
Episode link: https://pdst.fm/e/pdst.fm/e/traffic.megaphone.fm/MANA4790629010.mp3
Audio file: https://pdst.fm/e/pdst.fm/e/traffic.megaphone.fm/MANA4790629010.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-wolf-of-all-streets-1215618/episodes/bitcoin-s-real-buyers-haven-t-arrived-yet-adam-back
Duration seconds: 1675

## Resource

He invented the proof-of-work system that made Bitcoin possible, was one of the last people Satoshi ever contacted, and now runs one of the most important infrastructure companies in the space. Adam Back sits down to explain why we're still in the early innings of institutional adoption, reveals what Blockstream is quietly building to protect Bitcoin from quantum computing, and shares why the recent wave of DeFi hacks and restaking collapses is exactly what the cypherpunks warned about from the beginning. Learn more about your ad choices. Visit megaphone.fm/adchoices

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## Transcript

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