Damus
preston profile picture
preston
@preston
My thoughts on the two biggest things that happened last week w/ Bitcoin.

SAB121 and the in-kind redemption request to the SEC.
1814❤️68🤙8👍2:fire:111
Deleted Account · 59w
Great summary
Satoshiii ˗ˏˋ⚡︎ˎˊ˗ · 59w
🔥🫡
EK · 59w
Yes! Love this quick summary content to complement your in-depth podcasts, especially on Nostr!
Eomar - Diligent.news · 59w
Don't keep Bitcoin on exchanges, in ETFs or any other 'custody scheme' . Self custody, because when the govt wants a Bitcoin reserve the easiest place to go after the markets is the companies holding it. https://www.diligent.news/p/choose-bitcoin
BitcoinMap.site · 59w
Thanks! Very informative
BitcoinconManolito · 59w
As far as I know, it's been Blackrock who has requested the in-kind redemption to the SEC. Why should thay have done that if that prevents them to rehypothecate their btcs?
josh · 59w
Thank you for sharing! I value your insight.
James3v9 · 59w
This guys is always nailing it. He would make for a good podcast host
Butterknuckles · 59w
More of this type of content, please and thank you 🙏🏼
Symbiolosopher · 59w
I still don't get the in kind redemption. This has always been the case for anyone holding funds with coinbase not through an etf. The only difference I see is scale, but equally unlikely to do it I would suspect?
BitLo · 59w
Thanks Preston!
test123r789 · 59w
So I believe retail are unsecured creditors at coinbase. Also, I would tend to think that blackrock is a secured creditor. Would blackrock having in kind redemption facilitate a massive rug pull on retail should coinbase "go under"? If that is the case the clock is ticking for coinbase users to get ...
PrestonPysh · 59w
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⚡₿it₿y₿it⚡ · 59w
Great content Preston, we need more of this on nostr.
jo 🇺🇸 · 58w
i will talk heavily to legislators