Replying to Avatar BoomTown

The ETFs have bought ~2.5x the new issuance of bitcoin since their inception.

MicroStrategy (alone) claims to have bought ALL the new issuance of bitcoin over the last year.

“…But but but ‘profit taking’…” is keeping the supply shock from occurring?

No … Coinbase - enabled by others - is fractional custodying bitcoin. We have huge amounts of paper bitcoin suppressing the price.
Avatar
Dan 11mo ago

Ok we got it after the 5th repost

Reply to this note

Please Login to reply.

Discussion

Avatar
BoomTown 11mo ago

The reposts (or some variation) will continue daily until the (real) bull market continues. Or coinbase offers proof of reserves for MSTRs bitty.