Bitcoin 6102 Attack (How To Protect Yourself)

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In this video, I go into greater depth what a 6102 attack on Bitcoin in America would look like. Self-custody would probably be banned, along with all of the BTC on the exchanges and at larger custodians being confiscated by a desperate federal government.

I do not expect this to happen in the next 2 years, but it is definitely a possibility over the coming decade, as the US grapples with its finances and out-of-control debt.

Fortunately, Bitcoiners who hold their own private keys are mobile and able to take their money and families to jurisdictions where they might be treated better.

I would prefer if the US federal government embraces Bitcoin, as a modern digital expression of many of the principles of the founding fathers. But I'm not optimistic, unless things really change soon.

Not investment advice! Consult a financial advisor.

Watch yesterday's video first:
   • Coinbase's Bitcoin Will Be Seized  

Cypriot bank bail-in:
https://www.reuters.com/article/idUSK...

Executive Order 6102:
https://en.wikipedia.org/wiki/Executi...
https://www.nytimes.com/1933/04/06/ar...

My favorite hardware wallets for cold storage:
https://blockstream.com/jade/
https://coldcard.com/

Chart of US debt to GDP:
https://fred.stlouisfed.org/series/GF...

US debt clock:
https://www.usdebtclock.org/

US dollar is a terrible store of value:
https://www.visualcapitalist.com/wp-c...

The Race to Avoid the War:
https://www.swanbitcoin.com/the-race-...

The best Bitcoin book ever:
   • The Best Bitcoin Book Ever (Mandibles)  

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#coinbase

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