Since 6th of November 400,000 #bitcoin are taken off exchanges. If this trend continue we reach zero in 37 months.
Discussion
🤯
~3 years
Self reinforcing cycle.
Hodlers' conviction goes up ->
Price goes up ->
More educated users enter space ->
More bitcoin leaves exchanges ->
Repeat
What all falls into the category of “exchange”? Are you considering qualified custodians to be exchanges for purposes of this analysis?