/biz/ - Business & Finance

Anonymous Sat Nov 19 21:52:03 2022 No.52523611 [View]
File: 718 KB, 1190x1328, Screen Shot 2022-11-13 at 2.10.09 pm.png [View same] [iqdb] [saucenao] [google]

>>52523267
People have been buying Bitcoin. They've just been buying it through intermediaries who haven't actually held any Bitcoin.
FTX held 80,000 BTC IOUs for people while not actually holding a single BTC. Imagine how much that suppresses the price.

>>	Anonymous Tue Nov 15 19:45:18 2022 No.52453854 [View] File: 718 KB, 1190x1328, Screen Shot 2022-11-13 at 2.10.09 pm.png [View same] [iqdb] [saucenao] [google] >>52453833 FTX didn't hold any BTC. They just took customer funds and said "IOU BTC" while not actually buying any.

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/biz/ - Business & Finance

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