Google Engineer Sells All Bitcoin, Raises Concerns Over Liquidity and Security

Google engineer and content creator Patrick Shu disclosed he sold all his crypto holdings, citing significant losses. As a former Google technical lead and Meta software engineer, Shu noted the sharper-than-expected Bitcoin price decline and admitted excessive leverage contributed to his losses. He warned about reduced market liquidity compared to 2021, highlighting potential sell-offs by institutional holders like MicroStrategy and Mountaineer creditors could exacerbate price volatility. Shu also questioned Bitcoin's long-term network security amid diminishing miner rewards, emphasizing the shift toward reliance on transaction fees.