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Money Without Trust

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Bitcoin held in self custody is unique in its lack of counterparty risk, as global market chaos unwinds this will become much more obvious.

The four main banks of bitcoin and “crypto” are Signature, Prime Trust, Silvergate, and Silicon Valley Bank. Silvergate and SVB have already stopped withdrawals. More banks will go down before the chaos stops. None of them have sufficient reserves to meet withdrawals.

https://www.discreetlog.com/money-without-trust/

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Chilidem 2y ago

Lump summed my DCA cash today and moved what little bit I had on an exchange to self custody. Will sleep like a baby tonight.

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