Where is your Bitcoin safest: an ETF, an exchange or your own wallet? Bloomberg's Eric Balchunas says giants like BlackRock offer better security than crypto exchanges, but…
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Where is your Bitcoin safest: an ETF, an exchange or your own wallet? Bloomberg's Eric Balchunas says giants like BlackRock offer better security than crypto exchanges, but self-custody still wins on…
Where is your Bitcoin safest: an ETF, an exchange or your own wallet? Bloomberg's Eric Balchunas says giants like BlackRock offer better security than crypto exchanges, but self-custody still wins on censorship resistance "Self-custody could come back. The censorship-resistant aspect of Bitcoin is an interesting feature. You don't need it now in the US, but you might. It's definitely relevant overseas in some places." "As an ETF guy, you know I love ETFs. I dedicated my career. They will not solve censorship resistance. I just think ETFs are a superior intermediary." "We have a new phrase we're kicking around: LDI, Larry Deposit Insurance. These companies are just so acutely attuned to their reputation. A Bitcoin ETF is a tiny minority of their whole picture. They're not going to let this screw up their reputation." "So they have very careful security plans. They have lawyers, compliance. And if you robbed from one of the biggest asset managers in the world, it's more than your problem, honestly, if there's some kind of a hack." "It's not 100% proof, but I would feel more comfortable in that versus some exchange that was invented by a younger person who might not have that much experience and reputational risk on the line."
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