Swimming Naked: Don’t Trust Custodians As The Bitcoin Price Falls Today

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This is an opinion editorial by Josef Tětek, the Trezor brand ambassador for SatoshiLabs.

Bear markets can be scary, with bitcoin dropping to unthinkable levels, leverage positions being liquidated and custodians failing on their promises. When FUD replaces FOMO, fortunes are easily lost. Keeping your head cool and your bitcoin in cold storage is imperative to survive in this unpredictable environment.

“Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve.”

Satoshi Nakamoto


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