It's time to talk about BTC as a safe haven, brothers

At least it's a step towards buying quality assets.

1. BTC's “formalization” has progressed further

This is the first time that US banks have officially accepted BTC ETFs as collateral for loans, which in financial practice is equivalent to including Bitcoin in the list of “qualified assets.”

2. Bitcoin ETF becomes a bridge

Compared to directly holding BTC, the ETF format is accepted by more traditional financial institutions for reasons including:

a. Easy to value and regulate;

b. Good liquidity;

c. Endorsement from asset management institutions (like BlackRock).

3. Broader institutional funds can enter the market

a. Financial institutions, trusts, and funds that previously could not accept “crypto assets” due to risk control policies can now access Bitcoin through ETFs;

b. Using ETFs as collateral means BTC is indirectly included in the credit system, which may release new liquidity.

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Let’s see if Tsinghua University follows suit

JPMorgan has made a move, let’s see if Citibank and Goldman Sachs follow (I believe they will follow)

IBIT may lead to significant growth in collateral usage

What does it mean for a certain type of asset to serve as important collateral?

To put it another way, in some regions of mainland China, properties can no longer be used as collateral for mortgage loans. This means BTC may have truly taken a step into the realm of quality assets.

Brothers, I'm going all in on BTC.

#BTC #ETF