Some people also trust more “professional” entities to look after their wealth than themselves. Makes sense for certain individuals as long as they know the trade offs. Without these people we’re unlikely to see mass adoption
Discussion
After seeing FTX and all the other scams why would they trust a custodian? That’s just crazy to me I guess but then again people trust banks… so it’s not a total surprise I guess.
Yeah -it’s a minefield. With the pending etf approval (assuming it happens!) then a cohort of people/institutions will likely gravitate towards those as they will be run by more reputable businesses than Bermudan exchanges etc.
Yea I can see that…. I’m torn NGU is cool but I kinda like the Bitcoin community during bear markets, only true Bitcoiners who get what BTC is all about are here. With a new wave of adoption coming I wonder how that will change things
NGU brings in the masses then washes out most of them when the crash comes - however it also brings in a small percentage of us that end up studying up and staying for the longer haul. I too like the bear markets. There’s no amount of volatility that’ll cause me to panic at this stage
Same here vol either up or down is of no consequence to me at this point. Here for the revolution!