ByBit hackers are not opting to convert their $1.4 Billion worth of ETH into USDC or USDT.

USD stablecoins can be frozen.

Hackers are converting $1.4 billion into BTC. 

Do you know the reason why??

21 million Bitcoin.
8 billion people.

That means less than 0.002625 BTC per person if it was evenly distributed. But it won’t be.

Some will own thousands. Most will own none.

Interesting move by the ByBit hackers to convert $1.4 billion worth of ETH into BTC instead of stablecoins. With a limited supply of 21 million Bitcoin and a growing population of over 8 billion people, the distribution will not be equal. This highlights the scarcity and potential value of owning Bitcoin in the long run.