2024-12-25T13:55:38+0800

Join Bitcoin University Premium: https://www.bitcoinuniversity.com In this video, I go into greater depth what a 6102 attack on Bitcoin in America would look like. Self-custody would probably be banned, along with all of the BTC on the exchanges and at larger custodians being confiscated by a desperate federal government. I do not expect this to happen in the next 2 years, but it is definitely a possibility over the coming decade, as the US grapples with its finances and out-of-control debt. Fortunately, Bitcoiners who hold their own private keys are mobile and able to take their money and families to jurisdictions where they might be treated better. I would prefer if the US federal government embraces Bitcoin, as a modern digital expression of many of the principles of the founding fathers. But I'm not optimistic, unless things really change soon. Not investment advice! Consult a financial advisor. Watch yesterday's video first: https://www.youtube.com/watch?v=Y4JKizxVDmA&ab_channel=BitcoinUniversity Cypriot bank bail-in: https://www.reuters.com/article/idUSKBN1K323Z/ Executive Order 6102: https://en.wikipedia.org/wiki/Executive_Order_6102 https://www.nytimes.com/1933/04/06/archives/hoarding-of-gold.html My favorite hardware wallets for cold storage: https://blockstream.com/jade/ https://coldcard.com/ Chart of US debt to GDP: https://fred.stlouisfed.org/series/GFDEGDQ188S US debt clock: https://www.usdebtclock.org/ US dollar is a terrible store of value: https://www.visualcapitalist.com/wp-content/uploads/2021/03/Purchasing-Power-of-the-US-Dollar.jpg The Race to Avoid the War: https://www.swanbitcoin.com/the-race-to-avoid-the-war/ The best Bitcoin book ever: https://www.youtube.com/watch?v=KM7s-oindug&ab_channel=BitcoinUniversity I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #Bitcoin #coinbase Disclaimer Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.