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RE: Banks vs Bitcoin: Where Is The Money?

in LeoFinance2 years ago

it looks like the money is not safe anywhere, even if you are keeping them in banks or in exchanges. risk is everywhere. Kind of worried from all the mess around. you can't even do anything what if Binance will collapse all of sudden? (even though that is not going to happen still anything can be done). we've seen a lot in past, dont have to go that far. Sure banks and other companies have invested their money in crypto but still, the risk is everywhere.

thanks for the post.

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The point is with decentralized money like bitcoin, we have an option for self-custody. That is safe, as long as we don't lose the private keys.