Bitcoin holds below $85,000 as SEC custody proposal boosts institutional outlook
regulatory
Bitcoin remained below $85,000 even as a proposed SEC rule change on crypto custody improved expectations for institutional participation. The proposal could broaden the range of firms able to custody digital assets, though it is not yet a guarantee of increased demand. Separately, coverage of a hypothetical $500 Bitcoin investment by 2030 reflects long-term upside speculation rather than a forecast. The near-term implication is that institutional optimism is building, but Bitcoin’s price has yet to break through the $85,000 level.
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