140 million homes in the US.

290 million cars in the US.

21 million bitcoin in the world.

It will be understood, pretty fast, that exiting into the fiat system from an unregistered security, with a shit ton of gains, is considered taxable. It may make one unbankable as well. Who wants that attention?

Actually when ETH implodes, so pretty much all crypto implodes, and all that value is going to look for somewhere safe to exit to. My guess is a lot isn't going to want to return to a banking system that's being dismantled to user in FEDNow.

Finally, TA that makes sense

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We're closer than 50% to ATH than most realize.

#Bitcoin

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The Fed, either intentionally or unintentionally is destroying small banks.

Intentionally means they're prepping for a CBDC.

Unintentionally means they're just trying to keep the system afloat a little longer.

What say you?

So who bought Bitcoin when it was 20% off on Friday?

Even though bitcoin’s price is volatile, it makes sense to allocate a portion of your company’s balance sheet to bitcoin held in multisig custody because you’ll never be put in a situation where you cannot access your funds because someone else took risk with your money.

I’d rather have unperturbed access to something worth less than no access to anything.

This is the advice we’ve been giving portfolio companies at Ten31 over the last few days. Who knows what’s going to happen in the next few weeks. Better be safe than sorry.

This strategy is especially important for bitcoin companies who are discriminated against within the banking system.