Is Bitcoin safer with an institution than in your own wallet? Anchorage Digital CEO Nathan McCauley says institutions are better at Bitcoin security than individuals: US…
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Is Bitcoin safer with an institution than in your own wallet? Anchorage Digital CEO Nathan McCauley says institutions are better at Bitcoin security than individuals: US exchanges for now, and maybe …
Is Bitcoin safer with an institution than in your own wallet? Anchorage Digital CEO Nathan McCauley says institutions are better at Bitcoin security than individuals: US exchanges for now, and maybe your bank next. "There's a very early post from Hal Finney talking about how people are going to store Bitcoin. Hal Finney is saying most of Bitcoin is going to get held at banks, because humans aren't made to handle the kinds of security issues. Institutions are made to handle the kinds of security issues that are needed here." "As much as I'm a big fan of self-governance, I want to make sure that's always possible, for freedom. I think the reason that we're going out and building bank wallet infrastructure is so that they can adopt Bitcoin, so that there is a safe and easier way for it to be held." "On a shorter-term time horizon, custodying your Bitcoin at US-based exchanges is probably the right answer. The US-based exchanges that have a good reputation here are doing a good job." "Eventually, I would love for it to be that you're holding it at your financial institution. Wherever you're holding your cash, maybe that's where you should be holding your Bitcoin as well."
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