With all the excitement around the recent Bitcoin ETFs it easy to forget the importance of self custody and what makes Bitcoin such a powerful bearer asset. Ever heard of the saying:
“Not your keys, not your coins”
Analysis
I recently saw a chart that really struck home. We will get to this, but it’s worth looking at an interesting trend that has emerged in the world post-Covid.
It seems that now, it's all about the supply of money rather than the cost. This shift has significant implications for both opportunities and risks in the market.
Market Update
The first half of 2024 witnessed a surge in enthusiasm for crypto assets, leading to an all-time high for Bitcoin. However, due to price headwinds and the policy environment, volatility has decreased, impacting Bitcoin's performance
Education
We now direct our focus towards exploring the capabilities and benefits of MultiSig technology. By transitioning your attention to MultiSig, the aim is to further enhance your security. MultiSig minimises potential vulnerabilities and we are excited to delve deeper into the features and advantages that MultiSig has to offer, and we are confident that this strategic shift will contribute positively to your bitcoin security operations.
Education, News
We love ingenuity, and this is a fantastic example of people thinking outside of the box to create something that will forever be etched into history. On first glance Bitcoin (BTC) block 836361 isn’t any different from other blocks
Education
Custodial services involve a third party holding onto your bitcoin on your behalf, which can be convenient but comes with added risk. Self-custody, on the other hand, means you are responsible for keeping your own bitcoin secure, which may require more effort but gives you full control.
If you haven’t read Part 1, you can read it https://www.momentum-analytics.io/news/self-custody-part-1
“There are no shortcuts to any place worth going.” - Beverly Sills
