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This might be why BTC is shooting up at the moment. If you can't withdraw your stable coins you might as well buy Bitcoin and withdraw that.
by 4pkjai 4y ago
This might be why BTC is shooting up at the moment. If you can't withdraw your stable coins you might as well buy Bitcoin and withdraw that.
- jscottmiller 4y agoThis is exactly what happened at Mt Gox almost a decade ago.
- dbancajas 4y agoexcept those BTCs are not real. They are just pretend BTC in your account. You have to send it to your wallet
- latchkey 4y agoOr it could be on the news that SBF was arrested?
- JofArnold 4y agoMore likely it's reacting to inflation data.
- cableshaft 4y agoYeah, this is almost certainly what's going on. Lower inflation has juiced up its price in the past, same with stocks. Several of my stock holdings are up the same amount as Bitcoin is today.
- NotYourLawyer 4y agoMakes sense. It’s an iNfLatIon hEdGe.
- roflyear 4y agoNo, BTC is just fairly correlated with the US stock market.