Where to Hold Bitcoin.

I enjoy earning interest on my crypto using exchanges. However my concern is that exchanges must leverage the asset in order to pay those interest fees. Which is fine for now.

However in the next couple years all the Bitcoin will be mined only about 2 million left, and only 1 million Bitcoin is on exchanges being traded. The rest is either in cold storage or lost. Point being, when Bitcoin starts climbing rapidly because we hit these marks or mass adoption to 1 billion people (2024estimation) Bitcoin will climb so fast in price, people will want to get their money and leave the exchange. But the underlying asset won’t be available.

This is my issue. It’s a risk verse reward. Do you keep the Bitcoin on the exchange to gain interest, or lock it away in a hardware wallet, to avoid problems in the future.



Submitted December 29, 2021 at 05:44PM by ccashdan https://ift.tt/3sHYY0D

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