Saylor was right. Banks are going to want to custody Bitcoin. This is one of the biggest banks in Singapore offering to custody bitcoin for 0.5% annual fee. How long before they accept it as collateral? Very soon I think

treasury-markets-sg

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One of the things that makes me most bullish about Bitcoin is the fact that Satoshi front loaded the block rewards so that most of the bitcoin was out early and got into the hands of the cypher-punks. Let’s take Bitcoin pizza guy. He didn’t buy one pizza for 10000btc he bought 4 for 40000btc. He wanted to prove it was money and he did just that. You think for one minute he didn’t go right out and replace all the bitcoin he spent for less than $100 at the time? Of course he did, and he continued stacking. There were 1000s of psychos like him and they now control the vast majority of Bitcoin. And thank god they do. Now when companies and countries want to buy it they’re paying more than $100000 to get each coin. These crazy Bitcoin maxis control the supply. And that’s freaking amazing.

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