Bitcoin Is About To Make Millionaires (Thanks To Stablecoins)
Published: 2025-07-11
Status:
Available
|
Analyzed
Published: 2025-07-11
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 4
Prediction
Topic
Status
Banks are officially allowed to custody and transact cryptocurrencies under existing safe and sound rules, effective May 7th, 2025.
"The OC dropped interpretive letter 1184... The OC told nationally chartered banks, you may custody and transact crypto under our existing safe and sound rules."
Correct
Banks with an OC charter can now custody or accept deposits of crypto assets.
"Under this guidance, any bank with an OC charter... can custody or allow the deposits of crypto assets under their safe and sound banking standards."
Correct
Bank-backed crypto custody is anticipated to become a reality in the near future, with major custodians already applying for services.
"major custodians have already filed applications to be able to do this, which tells us bankbacked crypto custody is almost a guarantee at this point. It's not here yet, but it's coming."
Correct
Post-Genius Act passage, stable coins are predicted to be as reliable as traditional checking accounts.
"stable coins should be just as reliable as your checking account."
Incorrect
Passage of the Clarity Act will bring regulatory clarity to various tokens by defining which rules apply to them.
"once the bill is passed, the government will know exactly which rules apply to your favorite tokens."
Incorrect
The Clarity Act is expected to lead to clearer token launches and enhanced consumer protection.
"token launches will be much more clear and consumers will have more protection."
Pending
The Bitcoin Act, introduced in March 2025, proposes the US government become a buyer of Bitcoin to establish a strategic reserve alongside gold.
"The Bitcoin Act was introduced by Senator Cynthia Lumis in March 2025. It would make the US government a buyer of Bitcoin, essentially creating a strategic Bitcoin reserve along with gold."
Incorrect
The Bitcoin Act mandates the US Treasury and Federal Reserve to acquire up to 1 million Bitcoin, representing approximately 5% of its total supply.
"This act calls for the US Treasury in combination with the Federal Reserve Bank to buy up to a million Bitcoin, which is roughly about 5% of its total supply."
Incorrect
The Bitcoin Act will guarantee the right for private citizens to buy, hold, and self-custody Bitcoin without government interference.
"private citizens will always have the rights to buy, hold, and self-custody Bitcoin without government restriction."
Pending
Even a partial passage of the Bitcoin Act, particularly regarding self-custody rights, would signify Bitcoin's permanence in the US economy.
"even if a fraction of the Bitcoin Act passes, like especially the one about being able to self custody without government intervention would be huge. And it would mean Bitcoin is here to stay again and be a part of the US economy."
Correct
The Federal Reserve rescinded its 2022 letter in April, removing the requirement for banks to seek pre-approval before engaging with crypto.
"in April of this year, the Federal Reserve withdrew its 2022 letter. And that letter is what forced banks to get preapproval before touching anything to do with crypto."
Correct
Banks are now permitted to offer services to the crypto industry and engage in crypto activities, provided they maintain safety and soundness.
"banks are free to provide banking services to uh crypto the crypto industry to crypto companies and bank banks are also free to conduct crypto activities as long as they do so in a way that is you know protective of safety and soundness."
Correct
When banks begin offering Bitcoin custody services, the price of Bitcoin is predicted to have already experienced significant growth.
"By the time your bank is ready to custody Bitcoin and they decide to call you about it, the price will have already gone to the moon."
Pending