Bitcoin Has a 21 Million Cap. A Hacker Just Minted 46.1…
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Bitcoin Has a 21 Million Cap. A Hacker Just Minted 46.1 Billion “Bitcoin.”
Bitcoin has a **21 million cap**.
A hacker minted **46.1 BILLION unbacked syBTC**.
Native bitcoin created by the exploit? **Zero.**
The Symbiosis bridge failed. Bitcoin’s monetary rules didn’t.
But here’s the detail every holder should understand:
You can keep a wrapped token in your own hardware wallet—and still depend on another system to deliver the Bitcoin behind it.
**Your keys. Someone else’s reserves.**
Bitcoin can remain scarce while promises about it multiply. The letters “BTC” don’t transfer Bitcoin’s guarantees.
So what do you actually own: **Bitcoin—or a promise to deliver it?**
#cryptocurrency
Bitcoin has a **21 million cap**.
A hacker minted **46.1 BILLION unbacked syBTC**.
Native bitcoin created by the exploit? **Zero.**
The Symbiosis bridge failed. Bitcoin’s monetary rules didn’t.
But here’s the detail every holder should understand:
You can keep a wrapped token in your own hardware wallet—and still depend on another system to deliver the Bitcoin behind it.
**Your keys. Someone else’s reserves.**
Bitcoin can remain scarce while promises about it multiply. The letters “BTC” don’t transfer Bitcoin’s guarantees.
So what do you actually own: **Bitcoin—or a promise to deliver it?**
#cryptocurrency
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