Video Description
Do you actually own your Bitcoin, or does someone else?
Simon Dixon joins Michaël van de Poppe with a warning about Bitcoin custody. The institutions that spent a decade dismissing Bitcoin now control its short term price, and they have a plan for the coins you are holding. They don't want you to self custody your Bitcoin. They want you to lend it, borrow against it, and leave it sitting with a custodian.
"The short term price of Bitcoin is now controlled by Wall Street. And they want your Bitcoin."
Simon lays out the framework behind it: sovereign versus subordinate. Sovereign means you hold Bitcoin you can access without permission from a bank, a broker, or a custodian. Subordinate means you are in debt to the financial system for everything you own. He explains how Bitcoin gets...
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