Think about itThe light dawns on Marblehead!
Seems the word is out that the big banks are jumping into Bitcoin with both feet.
They see the handwriting on the wall.
Depositors are withdrawing their dough and parking it where they can obtain a decent return.
The banks can't pay interest because they are upside down with their Treasury holdings.
So the question becomes: How can we improve our balance sheets?
Answer: Lets get behind Bitcoin and push it to the moon.
How: We'll all get together and convice the SEC or whomever to approve ETFs.
Bingo, the price of Bitcoin flies, and voila; instantaneous improvement on the balance sheet.
Problem solved.
Can it work? Why not?
Tell you the truth, I hope this doesn't happen.
All my faith is in gold.