The thesis of BTC as a hard money is broken until a successful post quantum migration. All of the insecure coins with lost keys need to be absorbed by the market

Willy Woo
@willywoo
02-16
So the risk-adjusted sale 4M coins need to be priced in. To put this in perspective, since Stategy started accumulating BTC in 2020 setting a trend, only a total of 2.8M BTC have been accumulated by all companies and spot ETFs. 4M LOST BTC = 8 years of enterprise accumulation
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