Celsius is coming out with "self-insurance"....which I signed up for.
It's going to cost around 1% of your interest BUT it will fully insure your account against a "hack".
The 3rd party storage is also insured to a certain amount.
Is it perfect...? NO.
Is it as good or better than its competitors....? YES.
The biggest threat to Bitcoin is U.S Govt....they are definitely worried about it.....but as long as they can tax it I think they have no choice to let it be.
Too many companies are involved in it. IF it was banned and Bitcoin went to Zero then that could trigger the "black swan" that topples the House of cards.
Much like in 1971, when the world was selling USDs for Gold....they closed the loophole by decoupling Gold from the USD.
They don't want people to leave the REAL Ponzi scheme, that is the MMT Fiat Debt system that has caused asset bubbles in everything but Gold, Silver etc.
IF we ever get a Hyper-Inflation I could see Gold, Silver and Bitcoin becoming "illegal" to own....not sure IF that would work???
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