I suspect many of them gave their Bitcoin to miners, who will in turn sell it to folks like Blackrock.

They played themselves.

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It’s a self reinforcing loop

Bitcoin is scarce, fiat is not. It’s like these nerds still haven’t figured this is a losing game lol

Exactly 😄

I think it’s just money laundering like most of modern art

Beeple got like $65M for some fucking NFT in 2021 lol like common bro

And of course you have the retard bag holder gambler that will get rekt