HOW the fuck can you go broke running an exchange???
Thats worse than going broke running a casino!
Still, some managed to go broke running a casino

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Thoughts on Bitcoin cycle:
What if institutional demand continues to grow, while long term holders are selling "too much too early" (throughout 2025) into the buying volumes, so that a 2026/27 bear market would be of less impact (let's say 30% top-bottom) and make new ATHs possible in these coming years?
It's not a supercycle (yet), but in the long run, if demand increases, the margin for sell-high-buy-low accumulation would naturally shrink as a result. Every OG would at least keep some corn and sell a bit every now and then, but the buying ratio (hodlers/institutions etc.) would be much lower than in the past, slowly shifting coins to institutions.
I would not let a possible future fiat devaluation catch me on the wrong foot, so i'm actually questioning my former quite reasonable selling plans being too optimistic (in terms of a spiking top followed by a flash crash). 2017 may have been the last time, 2021 kinda showed this, IF confirmed over the current (and also next) "cycle".