It is statistically safer to store coins on exchanges than to self custody. 👇
A few thoughts:
Assuming the data is correct, my impression is Willy has always been a strong supporter for self custody.
Hack data is easier to collect on the CEX side, usually major news. It is harder on the self-custody side, where hacks, lost coins, etc are often not reported.
On the exchange side, some deceased exchanges drag down the data. Binance (and a few other exchanges) have always covered users for any CEX side hacks.
Not saying one is better than another. Different approaches have different risk profiles (and product offerings), and may be better suited for different people. A balanced approach is probably best.
"Bitcoin has a strict fixed supply cap of 21 million coins, meaning no government or central bank can ever print more or change the rules".
Thats the golden line phrased by Satoshi while creating bitcoin.
#bitcoin $BTC #satoshi
Investing in #Bitcoin & #Gold because you are looking to store your value is like investing in Apple & Kodak because you are looking to store your photos.
Big relief for families! Tamil Nadu CM Vijay has proposed: No hospital bills if a patient passes away in a private hospital!
This means grieving families won’t have to pay heavy treatment charges if the patient dies during care. The idea aims to reduce financial burden at tough times.
It’s currently a proposal under discussion. Great compassionate step for people!
I don't care about watches. I don't care about cars. I don't care about mansions. I don't care about airplanes. I don't care about awards. I don't care about money in and of itself. Life is short and I only care about family, faith, freedom, and fun. That's it. Period, full stop.
At $49K, Bitcoin mining costs more than selling, so they dump reserves and go dark.
So it's either the strongest support or the ultimate capitulation frontier.
▪︎People earning more than 1K USD per month are around 1.2 billion
▪︎Realistic supply of bitcoin excluding satoshi wallet (1.1 M) and lost bitcoins (2.3M)
= 1,76,00,000 $BTC
▪︎ Per capita share = 1,76,00,000÷1,20,00,00,000 = [0.0147 Bitcoin]
Act accordingly. #bitcoin 🟨
Bitcoin can 100x from here over the coming decades.
Bitcoin’s entire market is worth about $1.24 trillion right now. A 100x from here puts the market at $124 trillion, and a single $BTC at about $6.3 million.
Here’s what that actually sits next to:
Global gold: about $31 trillion.
Global equities: about $152 trillion.
The global bond market: about $143 trillion.
Global real estate, every home, office building, and farm on earth: about $393 trillion.
A 100x still leaves $BTC smaller than real estate and roughly the same size as bonds and stocks, while running past gold by about 4 times.
None of those four markets are shrinking. The Fed’s balance sheet keeps expanding, the Treasury keeps issuing debt to cover a trillion dollars a year in interest payments, and every dollar used to price gold, real estate, bonds, and stocks loses a little more purchasing power while that happens. The pool of money chasing scarce assets grows every year because the currency measuring it keeps getting printed.
$BTC has a hard cap of 21 million coins. Gold, real estate, bonds, and stocks don’t.
A 100x here means Bitcoin has caught up to markets that have existed for centuries.
So tell me. Why can’t it?