GM and PV nostr ☕☀️🤙

Reminder: FTX sold $1 billion worth of bitcoin to people but only actually had roughly $1 million worth. There's probably a ton more paper bitcoin out there being presented as spot.

Take your bitcoin off exchanges.

It's even more scarce than you think.

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So true!!!

And never forget

Not your keys not your coins!

That might be why the fed ignored warnings about ftx. So they could make the price of bitcoin more volatile and erode trust.

Funny that the exact same scandals that FTX had are already part of the central banking system for decades.

But that is not a problem for the fed.