Why would he recommend that shit?
Because he fuckin' owns Banco Azteca.
#bitcoin
Discussion
Self Custody is not a problem, is a feature!!
Of course. And it's easy. And a lot easier than getting your bitcoin back from a failing bank.
Because he's a realist. The majority of people will never custody their own bitcoin. We know this because of the history of money. It's why banks were invented. Just because it's doable doesn't mean everyone will do it.
Can't wait for those banks to go down along with all their custody bitcoin and with all the savers keeping bitcoin in those banks.
That is the way.
Swiss banks are transitioning to Bitcoin custody vaults. I personally don't ever see banks going away entirely. I see the more likely scenario that they'll adapt to stay relevant in a world that doesn't need them.
That might be true.
Let them buy gold not bitcoin. Or ETFs, not Bitcoin.
Bitcoin in the bank is not your bitcoin and that's it π€·π».
Wrong. We never had bitcoin as money
Never trust bankers. Especially with your #bitcoin.
Or you could be the one forced into a "negociation".
Self custody of your children is way too hard.
You should give them to the bank, they'll take good care of them.