With all of the exploits in DeFi, Zcash, and all of the other insanely complex crypto systems we are reminded again that Bitcoinโs simplicity is its biggest feature.
@Judaixxspexxy Public company. Need to do it in some way because he was famous saying never sell.
But they were selling in 2022.
And 32btc sell is a joke. Its so small comparing to 800k+ they have on balance sheet.
People are overthinking the 32 BTC sale.
โWhy sell?โ
โWhy not just buy less next week?โ
โIs this bearish?โ
Michael @saylor already explained the logic:
โข If Bitcoin canโt be sold, critics say it has no value.
โข If it has no value, the balance sheet value is zero.
โข If the balance sheet value is zero, credit rating agencies ignore it.
โข So you sell a tiny appreciated portion to prove Bitcoin is liquid, valuable, and real.
@tervelix@UMAprotocol@Polymarket@shayne_coplan Instead of buying bitcoin people bet on some company selling bitcoin
And we really wonder why all other assets go up. But not crypto ๐
An engine that puts Bitcoin to work for institutional capital:
โ cBTC: The first trust-minimized BTC on a programmable Bitcoin layer
โ CTR: The engine that coordinates Bitcoin's utilization
โ ctUSD: The native stablecoin for Bitcoin
Read more from @FourPillarsFP ๐