The three giants of American finance join forces to make a big move! Banks can finally hold Bitcoin openly!
Historic moment! American banks can legally hold cryptocurrency assets now!
The Federal Reserve, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation jointly issued a statement: American banks can legally hold customers' cryptocurrency assets now! This is not a minor event; it's paving a "golden road" for the entire cryptocurrency market!
Qiu exclaimed: What kind of policy is this? This is directly opening a backdoor for Wall Street, allowing traditional funds to rush in!
Policy explained in seconds: What can banks do? What can't they do?
What can banks do?
They can help clients store Bitcoin and Ethereum just like storing gold!
Protected by official regulation, no more worries about exchanges running away!
What can't banks do?
They can't use customer deposits to speculate on cryptocurrencies!
No random issuance of air coins!
Focus on protecting your asset security, avoiding the chaos of the 2008 financial crisis!
Who benefits the most?
Compliance custodians like Coinbase and BitGo will directly win!
If banks want to conduct business, they will probably have to cooperate with them; the technical threshold is not something everyone can cross!
Related markets: The influx of funds cannot be stopped!
BlackRock ETF's "king bomb combo"
The Bitcoin ETF was just approved in January, and now the channel for banks to hold coins has also opened!
Institutional entry is fully established on "two legs": they can indirectly hold coins by buying ETFs and have banks custody physical assets!
"Regulatory bull market" reaches its peak
Hong Kong just issued licenses to exchanges on June 1, and the U.S. immediately followed with policies!
Top global markets are competing for cryptocurrency "pricing power"; small countries can only follow suit, as the leading effect crushes everything!
Warning for the explosion of staking, custody, and RWA tracks
What do banks need the most to enter the market? Secure custody, interest-earning services, and tokenization of physical assets!
The valuations of these "financial infrastructure" projects need to be reassessed!
Want to know more real-time news and first-hand resources from the crypto circle? Follow Zhuque to make money!
Zhuque's perspective: Bank custody will completely change the rules of the game!
"Bank custody" will become the new normal
Auntie can buy coins without worrying about exchanges running away!
The greatest concern for traditional funds entering the market has been resolved, and the scale of incremental funds may exceed expectations!
"Institutional preferred assets" winner takes all
To control risks, banks will definitely only custody mainstream coins with high liquidity and strong consensus!
Small coins and meme coins? Sorry, banks are not interested! The moat around core assets is deeper now!
Next stop: Cryptocurrency bank licenses
The statement from the three giants is just the starting point!
Prediction from Qiu: A "new type of bank" specializing in cryptocurrency assets will emerge, providing a full suite of deposit and loan services!
Real talk for die-hard fans: Don't be misled by short-term fluctuations!
Don't expect banks to rush to buy Bitcoin tomorrow!
System setup and risk control processes take time; the influx of funds is a "slow and steady" type.
Beware of short-term "good news dumping"
Some speculative funds may take profits; buying on dips is the opportunity for phased layout.
Hold onto valuable coins, and stay away from highly speculative assets
In the institutional era, only hardcore projects are recognized; coins without technology or application will eventually go to zero!
Is it too cold at the peak? Focus on Zhuque; the Zhuque core team is already in position! Only igniting the wildfire of ambition!