BitcoinRumors
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đ„ Bitcoin Rumors About BlackRock Spread, Coinbase Fires Back! đ„
A massive rumor has taken the crypto world by storm, claiming Coinbase isnât holding real Bitcoin for BlackRock but instead issuing IOUs. This speculation sent shockwaves across the market yesterday, igniting concerns of price manipulation.
đŁ The Rumor
According to the buzz, BlackRock, while managing billions through its Bitcoin ETF, is holding IOUs issued by Coinbase instead of actual Bitcoin. IOU, which stands for "I owe you," represents a debt rather than the real asset, sparking fears that Bitcoinâs price is being artificially suppressed.
đš Justin Sunâs Statement
The rumor caught fire after Tron CEO Justin Sun took to social media, criticizing Coinbaseâs newly launched cbBTC token, which is supposedly backed by Bitcoin 1:1. Sun raised red flags, claiming the token lacks proof of reserves, hasnât been audited, and that user balances can be frozen by any U.S. court. He didn't hold back, saying: "This is essentially a 'trust me' token. It's a dark day for Bitcoinâthis is central bank Bitcoin at its worst."
đ Coinbase & ETF Experts Respond
Coinbase CEO Brian Armstrong and ETF experts quickly responded to the swirling rumors, aiming to restore trust and clarify the situation. The response emphasized transparency and that Coinbase holds Bitcoin 1:1 for clients like BlackRock.
đą With emotions running high, the debate around institutional trust in crypto has never been more intense. Stay tuned to see how this unfolds and what it means for Bitcoinâs future!
#BlackRock
#Coinbase #BitcoinRumors
#cbBTC
#FTXSolanaRedemption $BNB $ETH
$ETH
A massive rumor has taken the crypto world by storm, claiming Coinbase isnât holding real Bitcoin for BlackRock but instead issuing IOUs. This speculation sent shockwaves across the market yesterday, igniting concerns of price manipulation.
đŁ The Rumor
According to the buzz, BlackRock, while managing billions through its Bitcoin ETF, is holding IOUs issued by Coinbase instead of actual Bitcoin. IOU, which stands for "I owe you," represents a debt rather than the real asset, sparking fears that Bitcoinâs price is being artificially suppressed.
đš Justin Sunâs Statement
The rumor caught fire after Tron CEO Justin Sun took to social media, criticizing Coinbaseâs newly launched cbBTC token, which is supposedly backed by Bitcoin 1:1. Sun raised red flags, claiming the token lacks proof of reserves, hasnât been audited, and that user balances can be frozen by any U.S. court. He didn't hold back, saying: "This is essentially a 'trust me' token. It's a dark day for Bitcoinâthis is central bank Bitcoin at its worst."
đ Coinbase & ETF Experts Respond
Coinbase CEO Brian Armstrong and ETF experts quickly responded to the swirling rumors, aiming to restore trust and clarify the situation. The response emphasized transparency and that Coinbase holds Bitcoin 1:1 for clients like BlackRock.
đą With emotions running high, the debate around institutional trust in crypto has never been more intense. Stay tuned to see how this unfolds and what it means for Bitcoinâs future!
#BlackRock
#Coinbase #BitcoinRumors
#cbBTC
#FTXSolanaRedemption $BNB $ETH
$ETH
đš Coinbase CEO Brian Armstrong and ETF Experts Slam BlackRock & Coinbase Rumors! đš
The crypto world was buzzing with a wild rumor that Coinbase was issuing IOUs instead of holding actual Bitcoin (BTC) for BlackRockâs ETF investments. đ„ But Brian Armstrong and ETF experts were quick to shut it down.
The rumor, which spread like wildfire, claimed that Coinbase wasnât holding real BTC, but rather IOUsârepresenting debtsâand that both companies were working together to suppress Bitcoinâs price. This sparked concerns across the community! â ïž
The speculation started with a post from Justin Sun, CEO of Tron, who took aim at Coinbaseâs recently launched cbBTC token. Sun highlighted the tokenâs lack of proof of reserves and claimed it hadnât been audited. He even went as far as saying, "This is the ultimate example of central bank Bitcoin. Itâs a dark day for BTC." đ
Despite the controversy, Armstrong and other experts quickly reassured investors, dismissing the idea that Coinbase would issue IOUs instead of real Bitcoin for such massive investments. đĄïž
What do you think of these claims? Let us know your thoughts below! đ
#BitcoinRumors #BTC #BinanceInsights #Tron #BinanceTurns7 $BTC
The crypto world was buzzing with a wild rumor that Coinbase was issuing IOUs instead of holding actual Bitcoin (BTC) for BlackRockâs ETF investments. đ„ But Brian Armstrong and ETF experts were quick to shut it down.
The rumor, which spread like wildfire, claimed that Coinbase wasnât holding real BTC, but rather IOUsârepresenting debtsâand that both companies were working together to suppress Bitcoinâs price. This sparked concerns across the community! â ïž
The speculation started with a post from Justin Sun, CEO of Tron, who took aim at Coinbaseâs recently launched cbBTC token. Sun highlighted the tokenâs lack of proof of reserves and claimed it hadnât been audited. He even went as far as saying, "This is the ultimate example of central bank Bitcoin. Itâs a dark day for BTC." đ
Despite the controversy, Armstrong and other experts quickly reassured investors, dismissing the idea that Coinbase would issue IOUs instead of real Bitcoin for such massive investments. đĄïž
What do you think of these claims? Let us know your thoughts below! đ
#BitcoinRumors #BTC #BinanceInsights #Tron #BinanceTurns7 $BTC
đźđ° NEWS: Saudi Arabia and Qatar Eyeing 1M BTC Mega Purchase Next Week! đ°đ
Excitement brews in the crypto realm as rumors swirl about Saudi Arabia and Qatar gearing up for a colossal Bitcoin acquisition, potentially totaling a staggering 1 million BTC! Analyst Justin Verrengia anticipates a move that could surpass even Satoshi Nakamoto's holdings. đđŒ
Gulf Nations Set to Outshine Wall Street:
Bitcoin advocate Max Keiser sparks speculation, suggesting that this mammoth 1M BTC purchase by Saudi and Qatari investors could overshadow previous significant buys from Wall Street giants like BlackRock and MicroStrategy.
Positive Developments Fueling Speculation:
Recent developments in the Gulf region contribute to the buzz. A notable Saudi cleric greenlit Bitcoin investment under Islamic law, and reports hint at Saudi Aramco partnering with SBI Holdings for a foray into digital assets, potentially including Bitcoin.
Qatari Government's Bitcoin Allocation:
Adding to the intrigue, there are reports suggesting that the Qatari government eyes a substantial $500 billion allocation to Bitcoin, signaling a strategic move to diversify their wealth with scarce digital assets.
Bitcoin's Institutional Embrace and Price Dynamics:
The potential mega-buys align with the recent institutional embrace of Bitcoin, highlighted by the US debut of a Bitcoin spot ETF in January. Despite this, Bitcoin's price, after a brief surge post-ETF debut, has hovered around $40,000. The speculated purchases might hold the key to igniting the next Bitcoin bull run.
As the crypto market watches with bated breath, Bitcoin's current trading price stands at approximately $39,000, boasting a circulating supply of over 19.6 million BTC. đđ»
#BitcoinRumors #CryptoMegaPurchase #TradeNTell #Write2Earn #BTC $BTC $ETH $BNB
Excitement brews in the crypto realm as rumors swirl about Saudi Arabia and Qatar gearing up for a colossal Bitcoin acquisition, potentially totaling a staggering 1 million BTC! Analyst Justin Verrengia anticipates a move that could surpass even Satoshi Nakamoto's holdings. đđŒ
Gulf Nations Set to Outshine Wall Street:
Bitcoin advocate Max Keiser sparks speculation, suggesting that this mammoth 1M BTC purchase by Saudi and Qatari investors could overshadow previous significant buys from Wall Street giants like BlackRock and MicroStrategy.
Positive Developments Fueling Speculation:
Recent developments in the Gulf region contribute to the buzz. A notable Saudi cleric greenlit Bitcoin investment under Islamic law, and reports hint at Saudi Aramco partnering with SBI Holdings for a foray into digital assets, potentially including Bitcoin.
Qatari Government's Bitcoin Allocation:
Adding to the intrigue, there are reports suggesting that the Qatari government eyes a substantial $500 billion allocation to Bitcoin, signaling a strategic move to diversify their wealth with scarce digital assets.
Bitcoin's Institutional Embrace and Price Dynamics:
The potential mega-buys align with the recent institutional embrace of Bitcoin, highlighted by the US debut of a Bitcoin spot ETF in January. Despite this, Bitcoin's price, after a brief surge post-ETF debut, has hovered around $40,000. The speculated purchases might hold the key to igniting the next Bitcoin bull run.
As the crypto market watches with bated breath, Bitcoin's current trading price stands at approximately $39,000, boasting a circulating supply of over 19.6 million BTC. đđ»
#BitcoinRumors #CryptoMegaPurchase #TradeNTell #Write2Earn #BTC $BTC $ETH $BNB
