Quote from: Synchronice on Today at 04:00:29 PM

Quote from: nullama on January 29, 2025, 11:02:49 PM

Let's be conservative and assume we continue with the proposed 2%, and not the 5% that banks want.

Banks have about $188T:

Quote from: https://www.statista.com/statistics/421215/banks-assets-globally/

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.

I don't understand why this topic isn't more popular because this is one of the biggest news that I've seen. This allowance is nothing on its own but it's a huge thing in a way that as you mentioned, banks have a huge market cap and the trend goes in favor of cryptocurrencies, so, over time, it's guaranteed that almost every bank will keep 2% of their reserves in Bitcoin but I'm also sure that this limit will soon increase, Bitcoin just needs to be more mature and less speculative.

Everything is becoming more interesting. One of the best asset of the future is here in front of us and I don't understand why there aren't many holders.

just to make you and all readers of this topic aware
banks DO NOT have $188T

the $188T number is a ESTIMATE IF, yes IF the banks were magically able to sell all assets at the exact same millisecond where there are buyers that refuse to buy for less

now here is the thing.. there is no $188T money in existence.. much like the bitcoin market cap $2T is not of actual money held in reserve somewhere

instead these estimates/valuations are based on:
current market price for one unit * total units of asset

however if everyone start selling all assets, the current price for one unit would crash instantly

yep the first $1t sells would cause a double digit % drop of market price. the other $187T of assets would get to $0 meaning there would only be in true monetary transfer from buyer to seller of only a couple trillion of assets in real money