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A unique “event” that very few people are ‘in the know’ about is how Blackrock is currently seeding the launch of their (forthcoming) Bitcoin spot ETF.
If you’re 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.
“Where’s the stability?” “Where the next-best safe haven, for our institutional money?,” the elites are asking themselves.
“Remember what it takes to create a prosperous, fair economy?
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).
“That 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.”
– Bill Bonner
In a technology-enabled 1’s & O’s world, Bitcoin is becoming the asset that will hold court against all others, including those traditionally seen as king — i.e., Gold and U.S. Treasuries.
The question, today, that I have for you… is this:
Is your BTC “owned” by you?
As Guy, from the Coin Bureau, reported on yesterday…98% of all crypto investors aren’t practicing self-custody.
He interviewed the CEO of hardware wallet Trezor, Matěj Žák, 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.
When I read that, I didn’t 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 doesn’t surprise me that only 2% “own” their own private keys.
Quite simply, if you leave your crypto on an exchange or similar third-party platform, then all you’re really ‘holding’ is an IOU from that platform for those funds. You’re trusting that platform to make good on that IOU if or when you try to move those funds.
You’re also trusting that platform to hold those funds securely and not do anything untoward with them. Well, if you think that’s 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?
It’s simple really.
Either go through Guy’s video here, that discusses the primary self-custody options on the market.
Or, if you’re a paid-up (Pro) Bear’s 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 “Bitcoin Bank!”
Oh, and by the way, speaking of Bitcoin… the above info / links are all about MANAGING it.
In reference to MULTIPLY it, Brad’s fiat-to-crypto autobot trading system has now reopened for new clients, on a case-by-case basis.
This is Brad’s 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).
💸 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 again…
Your Partner in the Quest for
Living a Life Without Limits,
Barry “Chief Grizzly” Goss