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0 sats \ 3 replies \ @Satosora 26 Sep 2024 \ on: Is Coinbase Issuing 'Paper Bitcoin' to BlackRock and Other ETFs? - Decrypt bitcoin
This has been something I have been thinking about recently.
We know the demand for bitcoin is high.
How are they meeting that demand if everyone is hodling?
there's a metric glassnode produce which is long term vs short term (liquid) supply.
they look at addresses and movement
they estimate liquid, and so in their mind available for sale at any point in time, bitcoin to be about 1M coins last I checked.
until that balance drops significantly price will plod along
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game of musical chairs though, definitely want to be holding your keys when the music stops
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For sure, if you dont hold your own keys, can you really say you own it?
Thats what happened to everyone when all the other exchanges have tumbled.
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