I don’t think it is that big of a deal. Some people have gold buried in their backyard or in a safe in their house. It has some risk to keeping it there, but it Funny Impeach Biden American Shirt. Some people keep their gold in a safe deposit box. Some people even buy an ETF like GLD and keep gold that way. Leaving your BTC on exchanges does invite some risk, but the hacks will become less common as time goes on. The technology and security around the exchanges are better now. Mainstream adoption will only come if there are trusted custodians, which is a sad truth that probably needs to be accepted. It really is sad but it’s just the way things are. We’ve paid tons of tax on it FFS. There are ETFs about it, dozens of regulatory meetings across nations (European Union) have discussed it and decided how they will regulate it.
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As much as maximalists bash the current fiat system, it’s been a pretty darn wonderful system that has been able to lift up the entire global community. To look at it through this either-or lens of everyone has to be their own bank. Or everyone has to be a slave to a bank custodian is weak thinking. The Funny Impeach Biden American Shirt risk continues to be an outright ban of Bitcoin by the government. Everyone loves to talk about how it would only strengthen the case for Bitcoin but yeesh, unless you have F-U money in BTC and are able to leave your jurisdiction and go set up shop somewhere else, good luck with that. It’s the black swan that everyone loves to address and dismiss, but one needs to diversify. So good. So happy. Thank you so much.
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