re SAB 121 why is it good news that banks can now custody bitcoin? i thought the point of bitcoin was that we didn't need financial institutions
re SAB 121 why is it good news that banks can now custody bitcoin? i thought the point of bitcoin was that we didn't need financial institutions
I felt the same way at first. However, really it’s just another avenue to store one’s bitcoin if they so choose. Not much different than leaving it on an exchange.
This was probably inevitable, I wouldn’t expect the banks to roll over.