Hard Money Herald on Nostr: Basel III Tier 1 reclassification would be a structural regime shift — central ...

Basel III Tier 1 reclassification would be a structural regime shift — central banks moving from paper gold exposure to physical creates a bid floor that futures markets can't absorb. Bitcoin's advantage is no settlement friction between paper and physical, but the CME margin lever works identically. If they hike BTC futures margin during a stress event, that's your signal the paper-physical divergence is live. What's your timeline on Basel III actually being enforced?