Get advanced Bitcoin education here:
https://www.bitcoinuniversity.com/
In this video, I discuss why self-custody (holding your own Bitcoin private keys and running a Bitcoin node) is important both for Bitcoiners themselves, as well as for the Bitcoin ecosystem as a whole.
Self-custody teaches people how to be adults when it comes to their money. By contrast, fiat money is all about asking for permission to send a transaction, or help reversing a transaction.
Self-custody leads to more decentralization of Bitcoin holdings, while putting power back into the hands of the people when it comes to protocol changes or forks.
Bitcoin was created to be used as a bearer asset, so users should seek to take full advantage of this. Bitcoin is one of the very few assets in the world that doesn't have counter-party risk, if you hold your own private keys.
Not investment advice! Consult a financial advisor.
Discussion of 6102 attacks:
https://en.wikipedia.org/wiki/Executive_Order_6102
Michael Saylor and Bitcoin Self-Custody:
https://www.youtube.com/watch?v=IVwsrPV8g_4&ab_channel=BitcoinUniversity
Michael Saylor on how hard it would be to confiscate the Bitcoin of 60 million Bitcoiners who self-custody their BTC:
https://x.com/BitcoinNewsCom/status/1849105455303254439
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
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Disclaimer
Neither Matthew Kratter's Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.
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https://www.youtube.com/watch?v=HfRKH8_FWW0