Is it true that if everyone took their Bitcoin off exchanges and self custody it that would lead BTC price to skyrocket?

Is it true that if everyone went to withdraw their BTC off exchanges there wouldn’t be enough BTC for everyone because exchanges can sell more BTC than they actually have?

Finally, is it true that the only way to contribute to BTC price increase is to withdraw your BTC from the exchange so that it is truly “off the market”?

submitted by /u/thisisZEKE
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Source and link to Reddit topic: What if everyone took their Bitcoin off Exchanges?

Author: Reddit.com