✅ While Brian Armstrong was posting, Coinbase fell 70% and it’s now rumored it could go bankrupt.
- The company is one of the world’s largest Bitcoin custodians, with more than 1,000,000 BTC in custody.
- It holds 80% of Bitcoin ETFs and much of the institutional industry.
If it goes bankrupt, it would trigger the biggest death spiral across all crypto, dragging down the entire stock market, the ETFs, and even burying BlackRock.
On the other hand, Strategy’s shares fell 80% from their all-time high. Is it going to go bankrupt too?
...
A lot of people are saying pure nonsense about Strategy these days. Well, this was my contribution to the NONSENSE of the week about company bankruptcies, because it’s based on the market asset price going down.
My text and my nonsense to add my little grain of sand to the collective FUD about #Strategy.
$COIN.US
- The company is one of the world’s largest Bitcoin custodians, with more than 1,000,000 BTC in custody.
- It holds 80% of Bitcoin ETFs and much of the institutional industry.
If it goes bankrupt, it would trigger the biggest death spiral across all crypto, dragging down the entire stock market, the ETFs, and even burying BlackRock.
On the other hand, Strategy’s shares fell 80% from their all-time high. Is it going to go bankrupt too?
...
A lot of people are saying pure nonsense about Strategy these days. Well, this was my contribution to the NONSENSE of the week about company bankruptcies, because it’s based on the market asset price going down.
My text and my nonsense to add my little grain of sand to the collective FUD about #Strategy.
$COIN.US