I found this chart on the subject of how people hold bitcoin. However I see something entirely different, I see how other exchanges dissappear and coinbase is the main player now.
IPO was around 400, now trading at low 90s. I'm thinking that long-term as more and more people enter bitcoin, coinbase will keep making commissions.
They will also partner with Blackrock if that ETF gets approved.
Any counter arguments?
Thx!
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