I couldn't give you $20k sack of cash for you to deposit at your local bank without you having to answer a bunch of questions.
I could send you $20k in bitcoin and it would settle in 10 minutes, no question about it.
This is why #bitcoin will win.
Discussion
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You couldnt give anyone 2k to deposit without a colonoscopy nowadays
This is why it will be/is being attacked
🤔
And you could do it today...
Even trying to transfer money from my wife’s business Capital One account to our joint is incredibly painful.
Now try to deposit those BTC into a CEX. Same questions asked.
Just like you can spend cash without the need of a third party you can spend BTC.
But even better use digital cash (Monero) because it is fungible just like cash.
I'm in the UK and earlier this year I got grilled over the phone for 30 mins just for wanting to transfer £1k to another fully regulated UK bank (because they were crypto friendly no doubt). The banks here have closed millions of bank accounts for no real reason. Just shameful what's happening.
Honestly, i don't care how, just give me the 20k.
100%