$1.2B BTC Leaves CoinBase For Hardware Wallet This Week

Good weekend news just came out today from Watcher.Guru, a prominent Twitter user found a massive $1.2 billion worth of Bitcoin flows from CoinBase to different hardware wallets in a week. Those who made these huge transactions obviously have plans to keep their Bitcoins for long.

Maybe this escaped amount will partially go to other exchanges as CoinBase has faced a lawsuit recently. However, most cold storage is meant to keep crypto for planned periods. If BTC goes up to $100k the cold wallets will be empty for sure. In three years Bitcoin might ride over $100k without volatility as the inflation will most likely keep increasing. Overall prices for food and energy are clear signals for upcoming brutal inflation.