pull down to refresh
Idk why Bitcoiners need to hear this, but the BIS is not our friend.
https://twitter.com/samcallah/status/1603828219597139968 [Nitter]
I don't care if banks can hold bitcoin or not. It won't matter. They will become irrelevant either way
I think you missed the big idea.
Banks are adopting Bitcoin in significant amounts.
This means the price of Bitcoin is going to go up a lot (more than it would've otherwise) in the next bull run.
This further legitimizes Bitcoin in the eyes of the masses.
From a price standpoint I agree. My point was that the idea of centralized banks and decentralized bitcoin work towards opposite ends.
"The BIS had previously considered a policy of 1% for global banks. In turn, the banks requested a 5% reserve limit. This 2% appears to be a compromise between the two."
LOL
https://twitter.com/samcallah/status/1603828219597139968 [Nitter]
I don't care if banks can hold bitcoin or not. It won't matter. They will become irrelevant either way
I think you missed the big idea.
Banks are adopting Bitcoin in significant amounts.
This means the price of Bitcoin is going to go up a lot (more than it would've otherwise) in the next bull run.
This further legitimizes Bitcoin in the eyes of the masses.
From a price standpoint I agree. My point was that the idea of centralized banks and decentralized bitcoin work towards opposite ends.
"The BIS had previously considered a policy of 1% for global banks. In turn, the banks requested a 5% reserve limit. This 2% appears to be a compromise between the two."
LOL