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121 sats \ 0 replies \ @Jon_Hodl 13 Dec \ on: Coinbase is the enemy of Bitcoin - a Darthcoin warning for noobs bitcoin
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Every time the ETFs buy, it gives more power to Coinbase to continue the fractional reserve and suppress the price so they can buy cheap sats.
Every time MSTR buys, it gives more power to Coinbase to fractionally reserve more bitcoin.
If this new Strategic Bitcoin Reserve happens, it will do even more of the same.
If people don’t get the fuck off of Coinbase, the largest entities in the world will capture Bitcoin.