PSA: Self-custody is the only way you truly hold Bitcoin.
I've noticed some discussions in this community questioning the importance of self-custody. Many believe that ETFs or exchanges with custodians are easier and more secure. However, let me gently remind everyone that Bitcoin on an exchange, with a custodian, or in an ETF is not truly yours. It's essentially an IOU for price exposure to Bitcoin. Without the keys to your own coins in self-custody, you don't own the asset; you have a voucher, and most ETFs can only be redeemed in USD anyway.
The heart of Bitcoin's value proposition lies in self-custody. Without it, your node becomes irrelevant, and your coins could be confiscated as easily as gold was under executive order 6102.
If you're looking for a user-friendly way for anyone, including your grandma, to hold Bitcoin, consider exploring collaborative custody solutions.
As we navigate the ever-expanding landscape of crypto, the stories we share and the discussions we foster become the threads weaving the fabric of our collective journey. Your experiences, insights, and questions hold the potential to shape the narrative.
$BTC
