Seeing a lot of bad takes about Coinbase going down.
Coinbase isn’t going down because they forgot to increase technical capacity.
Nor is it because they got a secret call to dump it from Wall Street.
It’s likely because they ran out of bitcoin to sell.
Is this in reference to yesterday, or is this a new instance of being a horribly run enterprise?
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Yesterday
If these inflows continue, it’s not out of the realm of possibilities to be somewhere near no bid at the end of this year. A big if, but I don’t think it’s as crazy as people might think.
