Ok but is Coinbase whole?

1. If coinbase went bankrupt, all their holdings go to whoever they owe debt to from what I understand
2. That's a lot more shitcoins that greyscale owns than what I thought (Thought it was 0)
3. Don't trust verify. "We're regulated" isn't good enough. FTX also claimed to be regulated and trusted by businesses.

50%+ discount to NAV on GBTC right now, equivalent to about $7,730 per BTC.

Crazy times.

https://nitter.it/fxmacro/status/1594665597593300992?s=46&t=nBo5tG1QBSqDcT4n76cJ3w

Coinbase saying it's secure means very little to me. Folks, don't let your friends loose their bitcoin.