Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Quote
The Bank for International Settlements (BIS) has now allowed banks to now hold 2% of their reserves in cryptocurrencies as per its recently released Prudential Treatment of Crypto Asset exposure report for December 2022. In June, the BIS had allowed only a few banks to hold not more than 1% of their reserves in cryptos.
https://www.investing.com/news/cryptocurrency-news/bis-allows-banks-to-hold-2-of-their-reserves-in-cryptocurrencies-2966647Don't shoot the messenger, I didn't pick the wording
There is an exponential aspect to doubling.
In regards to bitcoin specifically, I would suggest anywhere between 1% and 25% for someone who is a responsible grownup.. so yeah, maybe banks have to work their lil selfies up towards the higher end of the range... .. but if they are actually contemplating shitcoins or "crypto" then fuck that nonsense, I am not even sure if 1% would be tolerable for that.. maybe 0.25% at most?... or maybe up to 1% of the bitcoin amount.
Been having a hard time finding particulars such as what banks are under their purview and exactly what the term "cryptocurrencies" means to them.
Hopefully shitcoins are not on that list but even if they were I don't see institutional banks receiving capitol from national treasuries as foolish enough to do a full
2% in ape NFTs and memecoins :d
For reference:
Baby boomers: 1946 to 1964.
Generation X: 1965 to 1980.
Millennials: 1981 to 1996.. < Most of us fall here, Am i right?
Gen Z - aka Zoomers - mid-to-late 1990s to early 2010s
This data is for US but I guess can be generalized for other places too.
https://twitter.com/documentingbtc/status/1615082440510373911
The gen Z ones hurt more, too. Making them look really dumb and useless.
23% Gen Z adults owns bitcoin. Are we underestimating them?
Baby boomers: 1946 to 1964.
Generation X: 1965 to 1980.
Millennials: 1981 to 1996.. < Most of us fall here, Am i right?
Gen Z - aka Zoomers - mid-to-late 1990s to early 2010s
This data is for US but I guess can be generalized for other places too.
https://twitter.com/documentingbtc/status/1615082440510373911
(Tbh, the gen z roasts are way funnier than the other reply that she really wanted... but then again, jmho and I maybe bias...)
The gen Z ones hurt more, too. Making them look really dumb and useless.
23% Gen Z adults owns bitcoin. Are we underestimating them?
That graph lacks the most important thing : do these people own the keys ?