As a Pension Embraces Bitcoin, Hope Grows for Cryptocurrency's Long-Term Prospects Even Among Conservative Pros

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“Behind the scenes, I think a lot of investment committees at these bigger institutions are working through getting approvals for allocating funds to bitcoin. This sort of approval process doesn’t happen overnight, however, meaning that it will take months and possibly years for this sort of institutional adoption of bitcoin to fully play out, but it’s clearly happening,” said Stephanie Vaughan, chief operating officer at Seven Seas Capital.