RE: BULLISH ….24 Jan 2025 03:43
Bigger than Reserves I believe is the rescinding of SAB 121 which allows banks to be the custodian of cryptos.....
Bank of America CEO Brian Moynihan recently said American banks are ready to jump at the chance to custody crypto assets.
“If the rules come in and make it a real thing that you can actually do business with, you’ll find that the banking system will come in hard on the transactional side of it.”
Hedge funds and pensions......let that sink in.....