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SAB 122 Is A Bigger Bitcoin Price Catalyst Than The US BTC Reserve

NewsBTC LogoNewsBTC14h ago

SAB 122 Is A Bigger Bitcoin Price Catalyst Than The US BTC Reserve - NewsBTC

Quick Summary:

This is 100% not priced in.” Related Reading: Bitcoin Price Aims For $150,000-$170,000 With Wave Formation, Here Are The Details Michael Saylor, Executive Chairman of MicroStrategy, succinctly captured the market sentiment with his tweet: "SAB 121 has been rescinded, allowing banks to custody Bitcoin.🚀” This aligns with Saylor’s previously outlined tgree catalysts for Bitcoin reaching $1 million per coin, where the facilitation of traditional bank custody stood as last open m factor.

Now watch the Banks start accumulating.” Vijay Boyapati, an Ex-Google engineer and the author of The Bullish Case for Bitcoin, further elaborated on the transformative potential of the SEC’s action, stating, "It really is hard to emphasize how huge a sea change we’re witnessing.

Andrew Parish, founder of x3, emphasized the significance of SAB 122 on X, asserting, "Rescinding of SAB 121 is a bigger catalyst for Bitcoin than the SBR.Bookmark this post.” Similarly, Fred Krueger, founder of Troop, highlighted the broader market implications, noting, "SAB 122 is extremely good for Bitcoin.


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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-24 @ 18:00:50 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 499 words

Reading Time: 3 minutes read

Sentences: 68 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 25408150

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 10 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 10 hours ago

Coverage Areas: United Kingdom

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Publication Timezone: GMT +8:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #102

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