107 sats \ 6 replies \ @south_korea_ln 13 Sep \ on: MicroStrategy Acquires 18,300 BTC and achieves yield; Holds 244,800 BTC bitcoin
I can't predict the future, but I would not be surprised if, one day, this blows up badly.
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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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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