No way to know. But also, no reason to suspect that's true. Issuing paper Bitcoin is a seriously risky venture when the underlying asset is easy and cheap to self custody, can be sent instantly, and is verified every 10 minutes.
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Yes, but tons of new capital is holding BTC within exchanges and treasury companies.
They will eventually get reck and then price will skyrocket when everyone realizes Bitcoin is scarce.
Just like FTX.