BTW, gently reminder, because it's been a while since the last one: Effective Jan 1, 2025, all BIS member central banks (that's ALL of them that matter worldwide, including the Fed, the ECB, Japan's, China's, Russia, Emirates, Singapore...) will be allowed to have "exposure to cryptoassets" (tokenized RWA, stables AND "unbacked cryptoassets" i.e., BTC, ETH, etc).

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Aha. I don't think we get there in the short term. Hopefully in 10 years. In the meantime, welcome the fact that the Fed can *truly* build up a BTC reserve with the acquiescence of the BIS