Binance and Proof of Reserves

Binance has what, like $40 billion right now in Bitcoin or Bitcoin, whatever. So when you see those big whale cost averaging stair steps, a huge chunk of it's going into greyscale. And that's the micro strategy at Coinbase, if I remember right. They go into a ownership structure as well. Because it's free, it's like same things like spam prevention for Bitcoin fees. You can't discern that these coins are not a withdrawal because they look exactly like a withdrawal.

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