Blockstream CMO Peter Bain highlighted that Bitcoin maintaining a price level of $81,000 during an equity market selloff serves as a significant indicator of market strength. The company is currently prioritizing technological infrastructure development as a precursor to broader price appreciation.
The firm has established a new hub in Lugano and launched a dedicated consulting division aimed at facilitating institutional adoption. Switzerland was selected for this expansion due to its established regulatory framework and deep banking infrastructure, which the company views as ideal for institutional clients.
Regarding technical operations, Blockstream confirmed that the Liquid Network swap service has been restored following a recent security incident. Users are now able to transfer Bitcoin back to the main chain, marking the first official update on the recovery process.
Blockstream is also actively researching quantum-resistant signature schemes to address long-term security concerns. The company is participating in the Bitcoin Security Consortium to explore how the network might implement future upgrades to mitigate potential quantum threats.
