Kat 💫🌻

Google is building Bitcoin custody infrastructure for banks. Think about how insanely bullish this is from an economic incentive standpoint. Google Cloud is developing technology that allows financial institutions to securely custody and transact in Bitcoin and other digital assets. The product is already in private preview, with commercial availability targeted for 2027. So basically this means one of the largest technology companies on Earth has decided that institutional digital asset custody represents a commercial opportunity worth dedicating engineering resources, security research, and product development toward. Google sees an opportunity to make money providing the infrastructure that banks will need to participate in the Bitcoin economy. Better infrastructure, in turn, lowers the barriers to adoption. Another self-reinforcing economic feedback loop where Bitcoin adoption incentivizes infrastructure investment, and infrastructure investment makes further adoption more attractive. Google wants to make money helping banks integrate Bitcoin into their businesses. Banks want to make money serving customers who own Bitcoin. The profit motive is aligning some of the most powerful companies in the world around building out Bitcoin's financial infrastructure. Bitcoin has reached the point where companies can pursue their own commercial interests by making the Bitcoin economy more accessible. This is an extraordinarily bullish development.