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Ok but is Coinbase whole?
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50%+ discount to NAV on GBTC right now, equivalent to about $7,730 per BTC.
Crazy times.
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  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.
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FTX even lobbied for more regulation :D
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Coinbase saying it's secure means very little to me. Folks, don't let your friends loose their bitcoin.
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