What happens when Blackrock decides to transfer custody of its #Bitcoin to BNY Mellon and Coinbase has to move 300k Coins off the exchange...

When the tide moves out, we will see who is swimming naked.

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If they are smart (which they are) then they will split their risks and keep custody on both platforms. Coinbase is currently too large of a honeypot. It’s very bullish that there are other major players entering.

Very true,

Gradually then suddenly.