Rekt Narrative:
"Bitcoin Treasury Companies offer a bridge for institutions to buy Bitcoin"
Standard Chartered announce -
"allowing institutional clients to access and trade cryptoassets through familiar FX interfaces"
"Clients can settle to their choice of custodian"
Bit that's exactly what the treasury companies are. They are the conduit through which institutions can play the fiat game with Bitcoin. Private individuals should avoid them, and stick to owning pure untainted Bitcoin.
What about fund managers with specific equity and bond mandates? Institutions could buy bitcoin before, although more friendly options (hopefully like SC will be) are a good thing. The bigger question is how does the monetary premium move from equity and bond markets to bitcoin?
If it is with a custodian, it hasn't settled. Don't let them gaslight you.
