The amount of Bitcoin being sucked off Coinbase is breathtaking
The supply of Bitcoin on Coinbsae is falling at an accelerating pace
Ever since late last year, the supply of Bitcoin sitting on Exchanges continues to drop.
Nowhere else is that more apparent over the last couple months than Coinbase.
Check it out:
(Source: https://twitter.com/IIICapital/status/1369304596955475976/photo/1)
If this keeps up we are going to see a major supply shortage.
The ones pulling bitcoin off of Coinbase are likely institutions as Michael Saylor gave them the blue print of how he did it.
We know that MSTR, TSLA, and SQ all used Coinbase to get their bitcoin and I suspect others are as well.
With more stimulus on the way, there is ever reason to keep buying bitcoin.