Crypto entrepreneurs are in a fine mood. Digital currency prices are on a new upswing, while a federal regulator ruled last week that banks can hold customers’ Bitcoin in the same way that they safeguard gold, stock certificates, or other valuables.
The ruling is not just a reputation boost for Bitcoin. Industry vets like Messari founder Ryan Selkis also view it as setting the table for a spate of M&A activity as banks look to buy rather build crypto services. All of this has set off a wave of chatter about who might get acquired.