Bitcoin is uniquely positioned among asset classes, poised to benefit the most from the global easing cycle, including the Fed's rate cuts and China's "Big Gun" stimulus efforts.
For the first time, U.S. banks are now allowed to custody Bitcoin, and options trading for Bitcoin ETFs is about to begin.
With only 21 million Bitcoin ever in existence, all the catalysts for a supply shock are falling into place.
Long #Bitcoin.
The Fed is on the easing cycle.
Europe and Canada are cutting rates.
China just brings out the biggest stimulus package.
The set up is great for risk asset in general.
I will long Bitcoin and Asia.
Coinbase is not the only crypto custodian in town when multiple banks start to offer custody solution under regulation.
Custody of coin will diversify. It is in investors’ best interest to do so.
This is the cycle where traditional financial firms will dominate the Bitcoin market, whether you like it or not.
However, their influence and power will gradually decrease over time as new technologies built on Bitcoin emerge and eventually take over.