Your Bitcoin Isn't Real

If you've been in crypto for more than a few days, then you may well have heard the term paper Bitcoin being thrown around. Paper Bitcoin refers to investments that give indirect exposure to Bitcoin, such as futures, ETFs, and even balances held on exchanges. Now, many have alleged that there's more paper Bitcoin than real BTC backing it.And these claims include Black Rockck not holding the BTC it claims backs its ETF, Michael Sailor not actually buying billions in BTC, or that crypto exchanges don't have e ...