Just In: Bank Of International Settlements Endorses Policy For Banks To Hold Bitcoin

The mass adoption of Bitcoin and digital assets continues. Check out the latest reports about all this below.

Check out the latest tweet about this importrant Bitcoin adoption-related issue below:

BREAKING‼️ Bank of International Settlements endorses policy for banks to hold #Bitcoin and crypto up to 2% of assets.

— Bitcoin Archive (@BTC_Archive) December 16, 2022

Someone commented: “They break crypto assets into 2 tiers with 2 groups in each tier. BTC, ETH, and most other crypto will fall into the T2 category which is limited to 2% of a bank’s max reserve. T1 assets hold no upper limit. This is taking effect January 2025.”

Amidst the bloody crypto market in which most of the important coins are trading in the red, there’s a bullish signal coming from Bitcoin, according to the latest reports. Check out the new prediciotns about the king coin below.

At the moment of writing this article, BTC is trading in the red, and the king coin is priced at $16,711.

The leading crypto analytics firm Santiment said that there is one metric they track is signaling a bullish turn in the market based on historical performance.

According to Santiment, fear, uncertainty, and doubt (FUD) are reaching peak levels. They are reportedly determined by the prevalence of negative crypto terms such as “sell” across several social media platforms.

As the online publication the Daily Hodl notes, “The negativity is largely driven by the FTX implosion and the arrest of its disgraced founder Sam Bankman-Fried as well as increasing questions about the financial stability of Binance, the world’s largest crypto exchange, according to the analytics firm.”

Federal Reserve chair Jerome Powell also continues to drive markets down via his policy.

Meanwhile, Bitcoin whales are making massive moves.

The other day, we were reporting that the crypto analytics platform Santiment revealed that whales had accumulated Bitcoin (BTC) worth hundreds of millions of dollars in under a fortnight.