Bitcoin is not stored in the cold wallet. It is store in the Blockchain. As long as you remember your seed phrase. Even your physical wallet is lost, your assets is still yours safely in the btc chain
Your coins are stored on the blockchain instead of the physical wallet. Hence, even if you lose your wallet, you will still be able to retrieve your coins as long as you have your keys. Halving is in April not in March.
I love how the podcasters look so uncomfortable, talking about buying crypto :D but thumbs up that u guys actually put out this video for viewers! Thank you! To those who speculate, LFGGGGG :)
I might not like crypto but am vested in Coinbase for the reason they're the dominant custodian for such assets of many funds. Down the line, there might even be ETH ETFs and if crypto can survive till now, i guess the worst is over and they're here to stay. Also, even in a bear market, Coinbase still earns through transaction fees. The stock movement while correlated with Crypto currently, I feel should be less so due to their business model. I feel we're still early. Not financial advice 😊
Actually if you buy the bitcoin ETF because it’s backed by the asset itself, you are defeating the true purpose of having bitcoin. If you speculate, it’s fine, but if you want to own bitcoin and think of getting into Bitcoin ETF, I suggest you really go to the rabbit hole and understand bitcoin
Thanks for sharing your views, Drew. In your opinion, what is the true purpose of Bitcoin? Is it to create a decentralized digital currency system and an alternative to traditional fiat currencies?
@@TheFifthPersonChannel it’s written in the white paper of Bitcoin. It’s meant to be peer to peer payment system without the use of middleman AKA the banks. It’s transferring value to one another without a third party. You are your own bank, hence you are responsible for your own bitcoin. Centuries ago we removed religion from the state. Now Bitcoin is attempting to remove money from the state. It’s definitely an alternative to fiat currencies, but it’s not looking to replace it.
i believe you can find it in the respective ETF issuer's investment prospectus that there is an insurance for theft and fraud. Iirc for Blackrock, it insures up to $300m per address.
Why so negative? ... no one forces anyone to buy any asset... eg nvda or tesla...same logic.. Gensler just make motherhood statements but it is worth $0...
