The 2% crypto club + groundbreaking development
Blackrock, fiat and "real money!"
A unique âeventâ that very few people are âin the knowâ about is how Blackrock is currently seeding the launch of their (forthcoming) Bitcoin spot ETF.
If youâre involved in Bitcoin in any way whatsoever, this is something to take as a major positive. As James just pointed out earlier today, this signifies their intent to enter the cryptocurrency market quickly.
âWhereâs the stability?â âWhere the next-best safe haven, for our institutional money?,â the elites are asking themselves.
âRemember what it takes to create a prosperous, fair economy?Â
Honest money (that no one can fiddle)⌠honest judges (protecting freedom and property rights)⌠and honest prices (set by buyers and sellers, not by the government).
âThat is, the signals have to be neutral and true. Like traffic lights on the highway, they should not favor any special group⌠or any special cause⌠but rather, help everyone get home, safely.âÂ
â Bill Bonner
In a technology-enabled 1âs & Oâs world, Bitcoin is becoming the asset that will hold court against all others, including those traditionally seen as king â i.e., Gold and U.S. Treasuries.
The question, today, that I have for you⌠is this:
Is your BTC âownedâ by you?
As Guy, from the Coin Bureau, reported on yesterdayâŚ98% of all crypto investors arenât practicing self-custody.
He interviewed the CEO of hardware wallet Trezor, MatÄj Žåk, who pointed out that there are around 420 million crypto holders in the world and a mere 2% of them use their own, self-hosted wallet (my favorite) to store their funds.
WOW!
When I read that, I didnât think it was that low. However, whenever a newbie crypto enthusiast wants to buy some crypto, I typically see them going straight to an exchange and, well, keeping their assets there. So, it doesnât surprise me that only 2% âownâ their own private keys.
Guy writes:
Quite simply, if you leave your crypto on an exchange or similar third-party platform, then all youâre really âholdingâ is an IOU from that platform for those funds. Youâre trusting that platform to make good on that IOU if or when you try to move those funds.
Youâre also trusting that platform to hold those funds securely and not do anything untoward with them. Well, if you think thatâs no biggie, then allow me to point you in the direction of a New York courtroom and the ongoing trial of a Mr Samuel Bankman-Fried.
What to do?
Itâs simple really.
Either go through Guyâs video here, that discusses the primary self-custody options on the market.
Or, if youâre a paid-up (Pro) Bearâs Bulletins subscriber, watch my screencast walkthrough video HERE, via Step #3 on that page, which shows how I use the Exodus Wallet, in tandem with two other key platforms, to effectively become my own âBitcoin Bank!â
đ SideNote:
Oh, and by the way, speaking of Bitcoin⌠the above info / links are all about MANAGING it.
In reference to MULTIPLY it, Bradâs fiat-to-crypto autobot trading system has now reopened for new clients, on a case-by-case basis.
This is Bradâs professionally-managed Forex fund. Enjoy the trading power of the Wall Street Giants... without having to purchase software or to know a thing about Forex robots / EAs (electronic advisors).
đ¸ Your Money <> Your Control (plus 7 other benefits HERE)
There is a small minimum to get started ($5k is recommended, but you can start with less); no sign-up fees; no long-term commitment; no monthly hosting fees, and you're piggybacking off our master trading account while enjoying 100% passive returns (i.e., professionally managed 100%). Brad only takes a 30% performance fee (industry standard) for doing all the heavy lifting.
Until I write againâŚ
Your Partner in the Quest for
Living a Life Without Limits,
Barry âChief Grizzlyâ Goss