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33 sats \ 3 replies \ @alexbit 13 Sep \ parent \ on: MicroStrategy Acquires 18,300 BTC and achieves yield; Holds 244,800 BTC bitcoin
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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0 sats \ 0 replies \ @RdioActiv 13 Sep
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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0 sats \ 0 replies \ @BitcoinIsTheFuture 13 Sep
Hackers always get caught, if the government seizes it in a 6102 the price skyrockets!
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