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dr.fred 1y ago

fidelity and blackrock etfs own more than 5 billion in bitcoin now.

at this rate it will not take long before conbase will run out of bitcoin

they will need to buy from the market but the market will not have enough bitcoin either.

what do you think will happen?

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3e
Deleted Account 1y ago

Surely all this new demand should move the price. But then I remember who we are dealing with. https://www.ibtimes.com/inside-coinbase-ceo-brian-armstrongs-133m-house-10-bedrooms-13-bathrooms-3372510

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dr.fred 1y ago

what can he do? even creating paper bitcoin will not help them

3e
Deleted Account 1y ago

Idk I just don’t trust Coinbase as a custodian. Tbh they have good history and they are a public company but all the shitcoinery they support rubs me the wrong way.

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dr.fred 1y ago

fidelity does self-custody

their etf is almost as large as blackrocks

3e
Deleted Account 1y ago

Big fan of that.

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Citizen 1y ago

How does coinbase prove there is no rehypothecation of their #Bitcoin?