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73 sats \ 2 replies \ @0xbitcoiner 11h \ on: Are Some Whales Abandoning Self Custody? bitcoin
Maybe for tax reasons, or because it's easier not having to hold the private keys.
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36 sats \ 1 reply \ @siggy47 OP 11h
You're probably right, but these guys have been keeping their coins secure for a decade or more. They must be pretty savvy. I don't see tax benefits. They can take a loan against some of their coins, which would be a tax free event in almost all jurisdictions.
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36 sats \ 0 replies \ @Bell_curve 9h
when you have a 'ton' of anything including bitcoin, some or all of it has to be in cold storage and insured
my 2 cents
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