Nostr Web Client

PSA:

If Coinbase is rehypothecating user owned #Bitcoin to “back” the ETFs, Coinbase could end up as the new FTX for this cycle.

Are you prepared for the fallout from that? Hold your f*cking keys while it’s still cheap.

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(Related: BITCOINAUDIBLE gets you a discount on the Coldcard. You should already have one, but just in case)

Apatight⚡️ 1y ago

Central planners cannot resist the temptation to rehypothecate, even in bitcoin. Imagine the rehypothecation happening with leveraged bitcoin ETF positions on top of Coinbase's actions here. "A fool and his leveraged bitcoin are soon parted." - nostr:npub1uyz4w2w4rcphk0q5arzkutrecgscxwzajj4dkvh9mjyqjtxslm6qea8632

I've already seen this movie the first time. It was called Voyager.

nostr:note1xrzhrx4l8e2urhfx3942zkuhfnqg2qtvl6slk86uqu6xcxj637jsh2l83k

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