Swan BTC “Paused” Withdrawals
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218 sats \ 0 replies \ @standardcrypto 2 Dec 2024
Too small lol
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312 sats \ 7 replies \ @Jon_Hodl 1 Dec 2024
~87% of Swan users take custody of their sats.
There was billions of dollars on FTX. Swan’s custodian maybe holds millions. If Swan goes down it will have little to no impact on anything.
MSTR will be the next FTX.
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37 sats \ 1 reply \ @standardcrypto 2 Dec 2024
Probably
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0 sats \ 0 replies \ @Jon_Hodl 2 Dec 2024
🎯
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11 sats \ 4 replies \ @ZezzebbulTheMysterious 1 Dec 2024
Do you really believe this? MSTR is already 2x FTX, at public markets vs funny evaluations. Maybe FTX was really worth 1/4 of MSTR market cap today.
MSTR will be much larger as passive market funds start buying on a regular basis. If it blows up, it’s going to eat a bunch of the worlds passive (eg: retirement) funds, not just degen FTXers.
What’s the risk here?
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32 sats \ 0 replies \ @Shugard OP 1 Dec 2024
I just hope I have plenty of popcorn on hand when this all kicks off!
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14 sats \ 1 reply \ @Tehila 2 Dec 2024
It will be a long time before any individual pension funds etc has significant MSTR exposure-- probably never. What board is going to put even 5% into what is known to be a high-risk Bitcoin proxy?
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0 sats \ 0 replies \ @ZezzebbulTheMysterious 2 Dec 2024
Oh, i disagree. It’s the pension funds and insurance companies that are eating up the convertible debt. They are buying 0% bonds, with a major equity upside. Watch.
The QQQ inclusion notification is pending too…
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11 sats \ 0 replies \ @Jon_Hodl 1 Dec 2024
Saylor doesn’t have the keys. Coinbase does 🔑
The greatest rug pull is yet to come.
I hope I’m wrong.
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26 sats \ 0 replies \ @Bell_curve 2 Dec 2024
They are changing custodian on December 20.
Fortress is trying to charge each account an exit admin fee
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22 sats \ 1 reply \ @DesertDave 1 Dec 2024
Good sign for true key holders. A reminder, not your keys, not your Bitcoin.
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12 sats \ 0 replies \ @Shugard OP 1 Dec 2024
Indeed!
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0 sats \ 0 replies \ @Car 2 Dec 2024
Isn’t like Max Kiser, Lyn Alden, Stephen Livera all backers or have some association with Swan? I feel like they would have said something by now if that was the case?
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0 sats \ 0 replies \ @B_rian 1 Dec 2024
Hypothecation is a vibe... Watch out for companies selling vibes. With their legal disputes re: mining and RIF a few months back, worrying...
Hoping for affected plebs it is a custody issue with Fortress terminating their business relationship and plebs will be made whole.
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0 sats \ 1 reply \ @pbl4eagain 1 Dec 2024
its probably Fortress Trust and not swan. The benefits of own your own infrastructure.
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0 sats \ 0 replies \ @siggy47 2 Dec 2024
Prime Trust and now Fortress.
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0 sats \ 0 replies \ @TheBTCManual 1 Dec 2024
How do you get cooked like this in a bull market, even FTX was able to fumble through an entire bull market and part of a bear market before it paused withdrawls
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0 sats \ 1 reply \ @DesertDave 1 Dec 2024
"there is no need to worry", read between the lines here.
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11 sats \ 0 replies \ @BeeAye 1 Dec 2024
🫠
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0 sats \ 0 replies \ @j7hB75 1 Dec 2024
#784454
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0 sats \ 0 replies \ @lv99slacker 1 Dec 2024
Uh oh.
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0 sats \ 3 replies \ @Coinsreporter 1 Dec 2024
FTX temporarily helped Dollar shit but Swan can't do the same this time around. This is a big difference.
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20 sats \ 2 replies \ @Shugard OP 1 Dec 2024
What does that mean? Is it worse this time?
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0 sats \ 1 reply \ @Coinsreporter 1 Dec 2024
It's worse for USD (fiat) this time.
Bitcoin is not gonna crash like it did that time around. (1sat=1sat)
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0 sats \ 0 replies \ @028559d218 1 Dec 2024
This... doesn't make any sense. And it's not what the OP was referring to I don't think.
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