💰Bitcoin price is rising exponentially while the supply on exchanges is decreasing.
📈The recent influx of ETFs buying billions of dollars worth of Bitcoin is a strong indication of a major allocation to come.
🔒Keeping your coins on Coinbase exposes you to counterparty risk and potential insurance issues.
💡Taking self-custody of your Bitcoin reduces risk and increases potential upside.
🚨The current trend of draining supply on exchanges could have significant implications for the Bitcoin market.
Why is the supply of Bitcoin on exchanges decreasing?
—As the price of Bitcoin rises, investors may be moving their coins to self-custody wallets to reduce counterparty risk and have more control over their assets.
Are ETFs a safe way to invest in Bitcoin?
—While ETFs may offer convenience, they still involve counterparty risk and potential regulatory and insurance issues. Taking self-custody of your Bitcoin is the safest option.
What are the potential risks of keeping coins on Coinbase?
—By keeping your coins on Coinbase, you are relying on a centralized exchange and potentially exposing yourself to counterparty risk and insurance vulnerabilities.
Why are ETFs buying Bitcoin now?
—The recent influx of ETFs buying Bitcoin indicates that institutional investors and asset managers are recognizing the value and potential of Bitcoin as an investment asset.
Should I move my coins off Coinbase?
—It is generally recommended to take self-custody of your Bitcoin by using wallets that give you full control over your private keys. This eliminates counterparty risk and allows for greater security.
00:00Bitcoin price is rising exponentially while the supply of Bitcoin on exchanges is dwindling.
01:40The recent influx of ETFs buying billions of dollars worth of Bitcoin indicates a major allocation to come.
04:56Keeping your coins on Coinbase exposes you to counterparty risk and potential insurance issues.
06:44Taking self-custody of your Bitcoin reduces risk and increases upside potential.
09:34The draining supply of Bitcoin on exchanges could have significant implications for the market.
