Banks have about
$188T:
The value of bank assets worldwide increased gradually between 2002 and 2023, despite some fluctuation. In 2023, global bank assets amounted to more than 188 trillion U.S. dollars, up from 183.2 trillion U.S. dollars a year earlier.
At 2%, this represents
$3.76T in Bitcoin. For comparison, the current market cap of Bitcoin is
$2.05T.
This, even at 2%, is a game changer for Bitcoin.
That's a game changer for Bitcoin. If all banks keep their 2% reserves in Bitcoin, then the price of Bitcoin will skyrocket and go to the moon, 1 Million dollars per coin will become more realistic. I think that many major banks will keep their reserves in Bitcoin. If a company like BlackRock got interested and involved in the Bitcoin ETF acceptance process, then it means that big guys are interested in investing in crypto. I think that they'll keep their reserves mostly in Bitcoin and Ethereum.
People pay more attention to a certain president and his promises, while on the other hand, news like this can have a much greater impact on the price of BTC
That's how it works. People don't have the skills to analyze the fact that banks keeping 2% of their assets in crypto will have more power on the price than Trump's any statements. People think that, for example, if Trump buys, then it's cool and everyone will buy while they don't analyze the real power of 188 trillion dollars.