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I believe the argument is that it makes it easier for institutions like fund managers and businesses because they don't need to be concerned with custodianship.
by samsin 3y ago
I believe the argument is that it makes it easier for institutions like fund managers and businesses because they don't need to be concerned with custodianship.
- paxys 3y agoThat may have made sense 8 years ago, but the problem has long since been solved. Coinbase can act as a custodian for your Bitcoin. Fidelity has its own service for it, as does every other fund/brokerage/bank of its scale. You can buy it as part of your 401k.
- jbverschoor 3y agoCurrently, but recently accounting rules don’t make it very suitable for institutions.