๐Ÿšจ Coinbase CEO Brian Armstrong and ETF Experts Slam BlackRock & Coinbase Rumors! ๐Ÿšจ

The crypto world was buzzing with a wild rumor that Coinbase was issuing IOUs instead of holding actual Bitcoin (BTC) for BlackRockโ€™s ETF investments. ๐Ÿ’ฅ But Brian Armstrong and ETF experts were quick to shut it down.

The rumor, which spread like wildfire, claimed that Coinbase wasnโ€™t holding real BTC, but rather IOUsโ€”representing debtsโ€”and that both companies were working together to suppress Bitcoinโ€™s price. This sparked concerns across the community! โš ๏ธ

The speculation started with a post from Justin Sun, CEO of Tron, who took aim at Coinbaseโ€™s recently launched cbBTC token. Sun highlighted the tokenโ€™s lack of proof of reserves and claimed it hadnโ€™t been audited. He even went as far as saying, "This is the ultimate example of central bank Bitcoin. Itโ€™s a dark day for BTC." ๐ŸŒ‘

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. ๐Ÿ›ก๏ธ

What do you think of these claims? Let us know your thoughts below! ๐Ÿ‘‡

#BitcoinRumors #BTC #BinanceInsights #Tron #BinanceTurns7 $BTC