Coinbase is copying Saylor’ strategy for #Bitcoin accumulation, but likely applying it to altcoins instead…yikes!😬
Supposedly it is a reaction to Wall Street becoming bullish on digital assets.
I worry that this is less of a calculated move and more of an egotistical one.
I’ve talked about Coinbase’s potential to become FTX 2.0 before, and as long as they give me good reason, I’ll continue to warn people about the atrocity that is counterparty risk. 