8 ms·

I think that a large part of the priced in "value" of Bitcoin is just lots and lots of Bitcoin that nobody can access anymore.

• abirch 18d ago
  Bitcoin's supposed to be "liquid" but I'm wondering what happens when there's a forced liquidity event.
  • altmanaltman 18d ago
    I mean, it's the opposite of that; it's forced illiquidity when people lose access to their keys. There is no way to gain access to those coins and you cannot "force" liquidity on the bitcoin protocol.
  • eru 18d ago
    What do you mean by forced liquidity event?
    • abirch 18d ago
      If people are trading bitcoin on margin or if Strategy is forced to sell a large percentage of its holdings.