CoinRoutes: Bitcoin FOMO has not yet started, and the discount on bank collateral is key

According to Bitcoin Magazine, CoinRoutes co-founder Dave Weisberger stated in a video interview with Bitcoin Magazine that the biggest unreleased factor for Bitcoin is not ETFs or corporate hoarding, but rather collateral treatment. He pointed out that banks face a nearly 100% discount when holding Bitcoin, and once Bitcoin is treated like other assets based on volatility and liquidity, the situation for lending institutions and companies like Strategy Inc (formerly MicroStrategy) will change.

Weisberger referred to this adjustment as the "final hurdle" and mentioned that both the Basel Committee and regulators believe this change is inevitable, but it has not yet been fully realized. He also discussed topics such as asset tokenization, Hyperliquid, and Federal Reserve policies, believing that Wall Street is providing support for related directions under the trend of tokenization.

He further stated that the influx of ETF funds has reduced Bitcoin's volatility; every 25 basis points change in interest rates adds $100 billion to the U.S. fiscal deficit; Bitcoin still possesses asymmetric option characteristics, and the issue of "clean collateral" has not been resolved, so market FOMO sentiment has not truly begun.