Hear me out ...
If Coinbase gets hacked
Bitcoins moons. Why?
Because millions of coins will be considered non spendable. Sure it might take a dip in the short term but after the market settles down hodlers who keep utxo within their self custody will be rewarded.
The same thing happened with Gox and Finex.
The real play will be to short coinbase.
When Coinbase ever gets hacked, this industry is going into an economic depression of its own:
- All the BTC held in the ETFs gone
- All of $MSTR BTC gone
- BTC held by Public companies gone
- BTC held by US Mining companies gone
🍿
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