BNY Mellon has just been approved to custody Bitcoin, marking a major milestone for the future of Bitcoin. Michael Saylor predicted that for Bitcoin to reach $5M per coin, three key things needed to happen:
1 Approval of a Bitcoin ETF (Done)
2 Changes in FASB accounting rules (Done)
3 Banks gaining the ability to custody Bitcoin (BNY Mellon just achieved this!)
With these milestones now met, the path to a $5M Bitcoin seems clearer than ever. Could this be the catalyst we've been waiting for?
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