As someone who has been in finance/capital markets for over 20 years the following cannot be understated enough especially in the context of history:
On July 1st, 2025, Basel III banking regulations officially reclassified physical gold as a Tier 1 asset, specifically a high-quality liquid asset (HQLA). This means that U.S. banks can now count physical gold at 100% of its market value towards their core capital reserves. Previously, gold was considered a Tier 3 asset, requiring banks to discount its value.
Many times in markets the catalyst for great change is when the RULES change.
#gold #bitcoin #markets #banks