bitcoinwell on Nostr: Gary Gensler repeats that Bitcoin is not a security and that "You now have a way to ...
Gary Gensler repeats that Bitcoin is not a security and that "You now have a way to buy into (bitcoin) through ETFs"
Thanks Gary, but we’ve had a better way to hold bitcoin for years now – its free, safer and better
Its called a bitcoin wallet
Here’s why you should use one 👇
Bitcoin wallets are secured through unhackable encryption.
Banks are imperfect stores of value, requiring a money printer as a backstop for imperfect security. Bank funds are stolen from hackers regularly, yet bitcoin wallets have never been hacked 🙅
Executive Order 6102 reminds us that banks will aid the government in seizing financial assets.
Banks took your gold once and if the government asks them they’ll take your bitcoin deposits!
Bitcoin wallets have more security than banks yet they are FREE!
Paying someone to hold your bitcoin will actually force you to part with a large amount of sats over time, resulting in a large value lost over time.
Compounding fees significantly limit your investment returns
Banks are highly restrictive
You want to move a few thousand dollars? You have to file a report.
When sending bitcoin, all you need is a recipient and a network fee and your transaction is approved
Besides, its not like you can send an ETF like you can send bitcoin
Bitcoin on a wallet enables your independence
You can safely store and transact your bitcoin anywhere, anytime
Bitcoin on a wallet is the best way to store your bitcoin
Thanks Gary, but we’ve had a better way to hold bitcoin for years now – its free, safer and better
Its called a bitcoin wallet
Here’s why you should use one 👇
Bitcoin wallets are secured through unhackable encryption.
Banks are imperfect stores of value, requiring a money printer as a backstop for imperfect security. Bank funds are stolen from hackers regularly, yet bitcoin wallets have never been hacked 🙅
Executive Order 6102 reminds us that banks will aid the government in seizing financial assets.
Banks took your gold once and if the government asks them they’ll take your bitcoin deposits!
Bitcoin wallets have more security than banks yet they are FREE!
Paying someone to hold your bitcoin will actually force you to part with a large amount of sats over time, resulting in a large value lost over time.
Compounding fees significantly limit your investment returns
Banks are highly restrictive
You want to move a few thousand dollars? You have to file a report.
When sending bitcoin, all you need is a recipient and a network fee and your transaction is approved
Besides, its not like you can send an ETF like you can send bitcoin
Bitcoin on a wallet enables your independence
You can safely store and transact your bitcoin anywhere, anytime
Bitcoin on a wallet is the best way to store your bitcoin