🪐 BNY plants a flag in Abu Dhabi This is less about BTC and ETH themselves, and more about a legacy balance-sheet giant deciding the UAE is now a serious venue for digital asset infrastructure. My read: that matters because custody is the boring layer that turns speculation into something closer to financial plumbing. 🧲 The bull case is straightforward: when a firm of this scale enters a jurisdiction, it lowers friction, adds credibility, and tends to pull more regulated infrastructure behind it. The bear case is that custody expansion is not the same as broad adoption; it can be a thin wedge that gets overread by the market. I lean constructive here because the UAE has been building the right regulatory environment while global institutions keep testing where the next durable crypto hub actually is. 👁️‍🗨️ The real signal is not “more interest” — it’s that crypto is inching from the edge of finance toward its operating core. ⚠️ Personal analysis only. Not financial advice. DYOR. #BTC #ETH #UAE