I've often wondered why more of this isn't happening. I'm also generally curious about the amount of bitcoin held by exchanges as compared to people (miners included)
Discussion
If the charts are to be believed, it’s a pretty large amount on exchanges. Hard to say if that’s their own balance or just other people’s bitcoin.
I too don’t understand why miners don’t sell directly. 🤷♂️
They can’t cobble together a simple 2 input UI?
Maybe they don’t want to mess with KYC
Or else they will become the next target. Their infrastructure is visible, locations are known, they are after all companies after all. Just like with Silvergate or SVB precedent, cut off their access to banking would be pretty easy too. They will therefore lay low, for now.
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Interesting thinking, merrcurr 🧠