$BTC BTC is Now Part of the Financial Plumbing, Adoption Is Accelerating Fast
Investments are optional. Infrastructure is sticky.
Adoption leads, price follows
Credit markets: S&P rated a securitization backed by bitcoin-collateralized loans at preliminary BBB- on the senior notes. That’s real credit-market plumbing. (S&P Global)
Housing: Block Earner launched Australia’s first bitcoin-backed home loan (Jul 2025). When homes are financed against an asset, that asset is in the system. (Block Earner)
Banks follow collateral: JPMorgan explored loans backed by clients’ bitcoin and Ethereum holdings. (Reuters)
Regulation is building custody rails: the OCC conditionally approved multiple national trust bank charters for digital-asset services (Dec 2025), and new conditional approvals are continuing. (Sidley Austin LLP)
Usage isn’t niche: PayPal/NCA (Jan 27, 2026) says 39% of U.S. merchants already accept crypto; Triple-A (2024) estimates ~562M owners (~6.8% of the world). (PayPal Newsroom)
First principles:
Finance runs on collateral.
Once an asset secures debt, you get contracts, custodians, margin rules, ratings, hedges.
Bitcoin is being embedded.
