MSTR shows no proof of reserves because they hold 0 bitcoin. Not your key not your coin. They claim to have an account at Coinbase. Coinbase does not do proof of reserves.
Now his entire thing is driving up his stock price for bitcoin IOUs, fiat as fuck.
How does anyone still think of Saylor and MSTR as symbols of bitcoin knowing those facts?
"There is no second best... Now, buy my stock it's your second best option."
Facts. Lol
He is already calling it bitcoin with higher volatility. Short step from here to calling it better than bitcoin.
Right now I've seen him say "if you want the higher vol"
"better if you want higher vol" or something similar is right there.
Lol
Of all the big financial players, Fidelity could probably do this most seamlessly.
I’d speculate that, in the future if the ETF becomes redeemable for actual corn, they are also positioned to do this most seamlessly.
Fidelity holds their own keys. If you have $ stranded in tax leveraged accounts FBTC would be my first choice for exposing them to bitcoin.
