For those like this man who are unaware, it is just the "Catholic Church." "Roman Catholic" usually refers to the rite (set of exact ways to celebrate sacraments) that 99%+ Catholics like me belong to.
Others are part of things like the Ukrainian Catholic or Chaldean Catholic Church, where they believe the same but celebrate sacraments using different ritual books.
Sometimes the term "Roman Catholic" is applied to the whole Church, either because 99%+ are part of this rite or because the Pope lives in Rome, but "Catholic" alone is a proper name for the whole Church.
I can't keep my BTC on centralized exchanges because they might go bankrupt or freeze withdrawals.
I can't keep my BTC in hot software wallets because my laptop might get hacked.
I can't keep my BTC in cold hardware wallets because there could be a bug on the manufacturer's side that exposes my seed phrase.
I can't deploy my BTC in DeFi because there's like a new eight-figure hack every month.
So where am I supposed to keep my BTC?
The US housing market is in for a wild ride.
As rates rise to new highs, the average interest rate on a 30Y Mortgage is nearing 7%.
In other words, if you bought a home in 2021 at 3% interest, moving to a new home today would increase your rate by ~400 basis points.
Assuming you buy a $500,000 home with 20% down:
1. Monthly Payment at 3% Interest: $1,686/mo
2. Monthly Payment at 7% Interest: $2,661/mo
That's an increase of almost $1,000/mo, or +58%.
The already stagnant housing market is set to freeze.
I don’t comment on the news very often, but it’s devastating to see so many people lose so much Bitcoin while doing what they believed was the right thing.
People wonder why retail participation has been fading for years, yet the space continues to be dominated by scam memecoins, presidential rug pulls, and recurring security failures.
The crypto asset class still has a long way to go before it earns durable mainstream trust.