Banks and other financial institutions will have a BCM - a Bitcoin Capital Markets - team

Absolutely fascinating day in German markets. Full tilt nose dive around 10am after news broke that the first vote of new chancellor Friedrich Merz did not go according to expectations. Ouch.

Part of my lovely fiat consulting job is attending industry (digital asset and banking) conferences. Nowhere near as energizing and high signal as bitcoin conferences, and fellow maxis would say a total waste of time, but still an opportunity to talk to clients and other attendees about the future of money. I am always fascinated by people's lack of knowledge about bitcoin, even though they call themselves "thought leaders" or "digital asset experts" or even "blockchain experts". These people (mostly bankers and fintech bros) are obsessed with tokenization, stable coins, and the digital euro. It's a challenge to discuss use cases and solutions to problems, and have them see bitcoin as that use case or solution. There is a lot of educational work to be done here. One can only do so much, and I honestly believe that those who are not willing to learn will eventually be forced to, as we know very well.

Nobody checks a bank's credit rating when opening an account anymore. And why is that? You don't have to worry about a bank failing because your deposits are insured. That doesn't exist with bitcoin.

GM

Central bank independence.. good one. Almost dropped my cup of tea

Billions and billions and billions and billions

GM, its going to be a beautiful day

Does this drop mean we'll have a Black Monday tomorrow?