@BitcoinAIGuy Add me to the list - a true bitcoin bull for life. Bitcoin is primed for a rip yo face off rally. It will happen so fast, 95% of traders will miss it.
@CrusadeInvest Agreed ๐ฏ, but as a capital allocator, I want/need to participate in this โgold rushโ responsibly. I love the energy and infrastructure spaceโฆ.thats my main focus at the moment.
Here is my comment: I strongly oppose assigning Bitcoin a 1,250% risk weight under the Basel cryptoasset framework. This punitive treatment is a category error that treats the worldโs most transparent, issuerless digital commodity like the riskiest securitization tranches.
Bitcoin has no issuer, no borrower, and no counterparty risk. Its price volatility, liquidity, custody, and operational risks are measurable, hedgeable, and already addressed by existing market-risk (FRTB) and operational-risk rules. Unlike opaque or illiquid assets, Bitcoin trades on deep, global markets 24/7 with a public ledger.
A 1,250% weight (effectively 100% capital requirement) makes it economically impossible for U.S. banks to custody, lend against, or offer Bitcoin services to customers. This forces activity into less-regulated venues, reduces customer protection, harms U.S. competitiveness, and blocks banks from a legitimate asset class that millions of Americans already hold.
Gold and U.S. Treasuries receive 0% risk weights. Bitcoin deserves risk-sensitive treatment as a โnon-issuer digital commodityโ โ not a blanket ban by capital rule.
I urge the Federal Reserve, OCC, and FDIC to reject the 1,250% default and adopt a tailored, risk-based approach that allows safe, regulated bank participation in Bitcoin.
Thank you for considering this comment.
@FransBakker9812@bitcoinbutcher1 Agreed, compared to CIFR earnings messaging was significantly better/more inspiring even though IREN had much bigger new unveilings.
#bitcoin fixes the broken incentives within our financial system.#bitcoin has the best characteristics as a โstore of valueโ.
No counterparty risk. No interest rate sensitivity. No leverage. No arbitrary central bank. No censorship. No borders.