Replying to Avatar Bitman

U.S. banks can now custody #Bitcoin.

This 'small' change will allow banks to start offering BTC-collateralized loans to their clients.

A new era of banking competition for #Bitcoin begins—bank managers vying for your absolute digital scarcity.

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Resonance Cascade The II 1y ago

Remind me again, why are banks required?

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Bitman 1y ago

Why do they have clients? The same applies to ETFs—it’s not real Bitcoin, but they have customers. Boomers need that ‘security.’