Implications of BTC to the moon.

in #finance6 months ago

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If you're betting that Bitcoin will go to the moon, do you understand it would involve an economic revolution? Hopefully, it will not come to literal blood in the streets, but the dollar regime will not go down without a fight.

Bitcoin holdings in an ETF or exchange could be lost in a million ways as the legacy fiat regime desperately attempts to maintain the dollar's supremacy. We've seen how bank depositors in Greece and Cyprus had their savings confiscated -- that's the least you can expect.

Yes, delegating custody to someone else using existing financial rails is easy and lets you off the hook on studying self-custody and making hard choices on how to keep your stash safe for you and your family's future. But that is a bet against Bitcoin winning. If you truly expect a Bitcoin-based financial system, invest the time into studying how to take control of your wealth.

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