Seems like if saylors not buying we're chopping sideways.
Discussion
#proofofreserves … I don’t think the market dynamics support that he is buying as much as he claims.
Annual distribution of new bitcoin is only ~160k BTC per year. nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m claims to have bought ~90k in the last couple months?
Yea there are sellers ya know. Including myself
I would just be surprised if there are sellers at that scale. Also, when the ETFs buy 5k Bitcoin on a day, the price usually rips … when they sell 5k on a day, the price usually falls.
We’re talking MSTR having lots bigger smash buys. I just do not believe him at his word. Post the onchain addresses and put an end to my paranoia.
It’s a superior feature of bitcoin…why not use it?
Literally no downside to MSTR to posting proof of reserves. Plenty of upside.
Why wouldn’t he? If there is nothing to hide, he absolutely would post proof of reserves. IMO…
Because it's Coinbase holding the coins and Brian Armstrong doesn't give a fuck about anyone but himself. He's probably spent 100x the time over the past 8 years building up shitcoins to rug retail with then helping bitcoin.