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As the saying goes, this is good[1] for Bitcoin... As people are buying it, presumably in order to be able to flee their Binance positions. Nothing breeds confi
by vkou 3y ago
As the saying goes, this is good[1] for Bitcoin... As people are buying it, presumably in order to be able to flee their Binance positions. Nothing breeds confidence in the ecosystem like the world's largest exchange getting its funds frozen.
[1] When it'll drop in price, I'll be here to provide different post-hoc justification for why that market swing happened. Tune in tomorrow, as the SEC keeps unraveling this rat's nest.
- PretzelPirate 3y ago> Nothing breeds confidence in the ecosystem like the world's largest exchange getting its funds frozen. Binance.US isn't the world's largest exchange.
- wmf 3y agoThis is true, but given the total commingling of assets the SEC will have to (try to) freeze everything.
- BLKNSLVR 3y agoTo be fair, this has been allowed to grow into a rat's nest by a decade of ignorance and inaction on something that obviously needed attention and action by these authorities that have, only as a result of the FTX, Celsius, Voyager, and BlockFi debacles, been woken from their hibernation-deep slumber.