Goldbugs celebrating when their biggest buyers are central banks 🤔

gm

~1600 watching live planespotting in frankfurt on youtube vs ~ 1300 watching blocktrainer. all you need to know about the bitcoin sentiment in germany 🤦‍♂️

GM.

The hardest thing in Bitcoin is doing absolutely nothing for ages and being greedy when others shitting their pants.

gn. somethings missing.

GM. Node back up soon. Had a power outage during night. Currently compacting.

end the fed.

Nothing beats bitcoin in self custody. But there is a lot of trash talking circulating when it comes to treasury companies justifying an mNAV >1. Under Basel III, banks must maintain a 100% own-capital structure, which makes holding non-yielding, risk-weighted assets like Bitcoin directly unattractive from a regulatory capital perspective. Instead, banks often prefer exposure through listed Bitcoin-related equities such as MSTR, since these can be treated as part of their equity investment portfolio rather than as balance-sheet crypto holdings. This approach satisfies capital adequacy requirements, preserves regulatory compliance, and still provides indirect exposure to Bitcoin’s upside.

Kindly imploding. Mnav around 0.7 🤔