Every centralized exchanges is probably selling worthless IOUs. One by one they are being exposed for this and people who use them for storage are going to realize they bought a lie.
Bitcoin should be worth a lot more. Their prices have been depressed by fake IOUs on centralized exchanges, similar to what happened to gold. But with crypto we can pull their pants down. The FTX BTC wallets went to 0 almost TWO DAYS ago. Yet they have 750M in BTC volume today, almost unchanged, yeah sure.
Get your Bitcoin off exchanges, don’t get robbed and watch the prices skyrocket when they can’t sell fake Bitcoin
Edit: Binance signs LOI (letter of intent) to buy FTX outright pending DD, can back out anytime. WOW
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