I can't predict the future, but I would not be surprised if, one day, this blows up badly.
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Yeah maybe it’s micro strategy maybe it’s coin base maybe it’s someone else but I can’t help but believe we will see catastrophic failure that will make Mt Gox look light hearted.
Practice and preach self custody ay?
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Yep, I believe Coinbase will blow up in the future.
They manage approximately 10% of the total Bitcoin supply, either on behalf of their customers or by providing custody services for ETFs and other entities, like MicroStrategy.
Either they will be hacked, or the coins will be confiscated by the government in a manner similar to Executive Order 6102.
In either case, those who hold their coins in self-custody will likely be greatly rewarded by a significant price surge.
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Coinbase isn't a fly by night operation. They have stringent key controls in place to limit losses from such a hack.
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0 sats \ 1 reply \ @ca 13 Sep
self-custody will likely be greatly rewarded by a significant price surge.
Why would that be? Hackers will most likely dump them in the market, collapsing the price.
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Hackers always get caught, if the government seizes it in a 6102 the price skyrockets!
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it's all bullshit
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Bro is one more month of buying away from that 250k mark, crazy how hard he maxxed out on this trade
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33 sats \ 0 replies \ @Wumbo 13 Sep
Save some for the rest of us.
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Tick tock next block!
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O crab! What an investment strategy!
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It's just insane that the fortune 500 haven't all started following his strategy yet. Do they all want to be out of business in 5 years?
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