Bitcoin eliminates the need for the financial industry by making money peer-to-peer.

With Bitcoin, you don't need a checking account. You keep your money in an address that you control.

This means banks can't lend your money to make a profit - this is what the financial industry is built on.

Not enough people understand anything about Bitcoin, and the financial industry will work as hard as it can to keep it that way.

The financial industry wants you to think of Bitcoin as a risk asset that should be traded and kept at a financial institution.

They want to delay your realization of Bitcoin as money that you can self custody and spend without a bank being involved.

If you keep thinking Bitcoin is a risk asset:

- You'll keep trading in and out of it, generating fees for financial institutions.

- You won't think of holding it in cold storage. Instead, you'll have no option but to rely on the financial industry to take responsibility for your wealth.

- You'll allow financial institutions to continue taking advantage of you through fractional reserve banking.

The only way to understand what Bitcoin truly is: spend some time learning about it. Don't rely on mainstream media and banks to teach you.

There are tons of resources online that you can listen to, watch, or read.

If you want to learn more about Bitcoin, follow me @rajatsonifnance - I post daily threads about personal finance and Bitcoin.

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