The decree by Donald Trump and the repeal of the deadly accounting standard SAB 121 are very promising for bitcoin.

This decree marks the end of the infamous operation Chokepoint 2.0, the unofficial name for the covert attempt to debank companies linked to bitcoin. Let’s recall that Silvergate Bank, Signature Bank, and Silicon Valley Bank were among those affected. Not to mention FTX, whose clients are finally expected to be reimbursed in March.

In the pre-SAB 121 situation, if Bank of America had $100 billion in assets and $60 billion in liabilities, the ratio was 100/60 = 1.66. This means $1.66 of debt for every dollar of market capitalization.

If Bank of America also held $10 billion in bitcoin, SAB 121 would push its liabilities up to $110 billion, making the ratio 110/60 = 1.83.

Source: COINTRIBUNE