"I'll tell you something that no one is talking about. Out of all Bitcoin ETFs, only one of them custodies their own Bitcoin, the custodian for the rest is Coinbase. So, ETFs have roughly 1.1 Million BTC. Let's round it to 1 million because of the ETF that doesnt use Coinbase. Then you have $MSTR, which also uses Coinbase for their BTC and they have almost 300k coins. Then you have Coinbase customers, other companies, etc. So in total Coinbase should have something around 1.5 million BTC. But they only have half of that according to Arkham. And that is how the price of Bitcoin is supressed, my friends. Coinbase will be the next FTX, Celsius. But this time will be 10x bigger because of the ETFs. Prepare accordingly."
Yes. They Don't Have 1 to 1 Backing83.3%
No. Coinbase Has All The Bitcoin 1 to 116.7%
6 votes \ poll ended