Markets· ★★★· bullish·

Saylor says bitcoin is back in a bull market, bank custody is the driver

  • —Saylor: the bounce off the 200-week SMA confirms a return to a bull market
  • —Every $10 billion of new credit equals roughly a year of BTC supply
  • —His gauge of bank bitcoin adoption rose from 9% to 34%
  • —Tokenized equities and credit could widen bitcoin's role in finance
Why it matters: If banks accept BTC as collateral and custody it, credit creation could become a fresh source of demand for the asset.
#BTC
Source: TokenPost
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