Bitcoin self-custody solutions
This week we want to focus on one thing that happened yesterday, the 7th of September. A day that might be remembered in the history books of the future.
Bitcoin was officially adopted in El Salvador as legal tender and the country became the first to officially buy Bitcoin in its sovereign capacity!
Introducing a new instalment to our newsletters: Bitvice’s Bitcoin Basics.
For those that are new to Bitcoin we will be covering the basics in a simple, bite-sized way to help you learn more about this complex subject and to give you the tools to explain the topic to friends and family in a concise manner. This week’s topic: Bitcoin’s Blockchain.
CBDCs are bigger than most think. They are the fundamental mechanism for the ‘Great Reset’ in my eyes and will affect close to everyone on this planet in a plethora of ways.
Privacy in Bitcoin is and will become one of its most important factors in fighting the banking system and to protect yourself against regulatory risk – which will become bigger and tougher over time.
Privacy is also a human right and should always be so. It is our every right to keep our own things private including our money and wealth.
It seems like there’s a lot of negativity in many South Africans’ and Bitcoiners’ lives right now. Riots, inflation, corruption, load shedding and of course …
We owe Chinese Bitcoin miners a standing ovation for the service that they have provided to Bitcoin. They have secured the network for years and paved the way for the industrialization of Bitcoin mining.
Some see this event as a warning sign, some this as an opportunity. In the long-term, China has effectively removed the last area of centralisation that Bitcoin has left.
HODLers are acquiring more than the speculators are selling and thus, there is a good chance that a price floor has been set for this accumulation period.
We at Bitvice, actually think it is great news that the regulatory bodies finally recognises Bitcoin as a serious asset and that it will become a licensed product for financial services. But, we all have a fight ahead of us on privacy, self-custody and self-sovereignty.
News broke this weekend that El Salvador will be looking to make Bitcoin a legal tender in its country and to add it to its monetary reserves.