0 sats \ 0 replies \ @faithandcredit OP 1 Jul 2022 \ on: BIS To Allow Member Banks To Hold 1% Of Their Reserves In Bitcoin bitcoin
Imo this the wrong approach because it forces banks to sell btc when the price goes up to remain under the 1% limit which defeats the whole purpose of holding? The amount they would be allowed to hold should be a fixed amount of BTC
For what it's worth I'm currently a bitcoin bear short term.