Chapter
Self Custody of Assets and its Impact on Currency
3:00:47 - 3:07:46 (06:58)
The concept of self custody assets is gaining traction with the increasing awareness about the high level of security it provides. With the ongoing global shocks, people are considering converting their weak currency to stronger ones, such as Bitcoin, leading to a reduction in inflation costs.
Clips
The highest level of self custody is having Bitcoin on your own hardware wallet, which allows for a strong currency that doesn't suffer from the drawbacks of a weak currency.
3:00:47 - 3:07:46 (06:58)
Bitcoin
Summary
The highest level of self custody is having Bitcoin on your own hardware wallet, which allows for a strong currency that doesn't suffer from the drawbacks of a weak currency. Recent events, such as the Ukraine war and Russian sanctions, are leading people to consider converting their weak currency to a strong one like Bitcoin to avoid inflation costs.