I’m tired of the fake narratives around, OGs selling bitcoin that they’ve held into for more than 10 years… Why does anyone believe that is a more plausible scenario than Conbase selling paper bitcoin that doesn’t exist? Exchanges should NEVER be allowed to “custody” bitcoin for anyone. There is an obvious “goldsmiths tale” conflict of interest here. The temptation to fractionalize is ALWAYS to great for people. The price isn’t moving, yet Blackrock owns a major piece of every public bitcoin treasury company and the institutional demand is 20x the monthly supply. You want me to believe people with the lowest time preference are trading the most finite monetary good in human history for fiat, taking cap gains hits and giving it to Blackrock and friends. Sure. GFY. There is no sale, until someone takes possesion of their btc.