Being financially self-sovereign with Bitcoin means that an individual has complete control over their own finances and assets, without relying on any third-party intermediaries such as banks or governments.
Specifically, when someone is financially self-sovereign with Bitcoin, they:
Control their own private keys: This means that they are the only ones who have access to their Bitcoin, and no one else can access or control it without their permission.
Can send and receive Bitcoin without restrictions: Bitcoin transactions can be sent and received anywhere in the world, at any time, without the need for intermediaries such as banks or payment processors.
Have privacy and anonymity: Bitcoin transactions are pseudonymous, meaning that users can send and receive Bitcoin without revealing their real identities. This can provide a greater level of privacy and security compared to traditional financial systems.
Are not subject to inflation or government intervention: Unlike fiat currencies, which can be subject to inflation and government manipulation, Bitcoin has a fixed supply and is not controlled by any central authority.
Overall, being financially self-sovereign with Bitcoin provides individuals with greater control, privacy, and security over their own finances and assets, without the need for intermediaries or centralized authorities.