๐จ Coinbase CEO Brian Armstrong and ETF Experts Slam BlackRock & Coinbase Rumors! ๐จ
The crypto world was buzzing with a wild rumor that Coinbase was issuing IOUs instead of holding actual Bitcoin (BTC) for BlackRockโs ETF investments. ๐ฅ But Brian Armstrong and ETF experts were quick to shut it down.
The rumor, which spread like wildfire, claimed that Coinbase wasnโt holding real BTC, but rather IOUsโrepresenting debtsโand that both companies were working together to suppress Bitcoinโs price. This sparked concerns across the community! โ ๏ธ
The speculation started with a post from Justin Sun, CEO of Tron, who took aim at Coinbaseโs recently launched cbBTC token. Sun highlighted the tokenโs lack of proof of reserves and claimed it hadnโt been audited. He even went as far as saying, "This is the ultimate example of central bank Bitcoin. Itโs a dark day for BTC." ๐
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. ๐ก๏ธ
What do you think of these claims? Let us know your thoughts below! ๐
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