Be Your Own Bank (Bitcoin)

Learn How to Buy Anonymous Bitcoin:
Use the discount code YT99 to get the best price.

In this video, I discuss the many reasons why Bitcoin is a much better savings and spending technology than banks.

When you hold money in a bank, you have to worry about the regulators and the government that controls that bank.

You also have to worry about bank runs. Banks are unstable, highly levered structures that can implode overnight if confidence in them falters. If a bank run happens, you may or may not be made whole by a bailout.

Banks are notorious for carrying out the will of political elites, censoring political enemies, minorities, etc.

By contrast, Bitcoin allows you to send or receive money 24/7 (even on weekends and bank holidays) without needing permission from anyone. Bitcoin is open to everyone, regardless of race, gender, net worth, nationality, politics, or other ideological opinions-- and it's censorship resistant.

Bitcoin is a new form of money that we can hold ourselves without having to trust a bank to hold it for us. Bitcoin allows you to hold the fruits of your time and labor in a form that cannot be confiscated, or debased through money printing.

Bitcoin has no counter-party risk. It's a bearer asset like gold, but adapted to the modern digital world.

Bitcoin can be sent instantly anywhere in the world, or sent to yourself after you move to a more friendly economic or political jurisdiction.

With your "Bitcoin bank account," all you need to do is memorize 12 words. You can cross any border and "reconstitute" your Bitcoin on the other side using these 12 words. Bitcoin is a life raft for refugees, who would otherwise risk losing everything, whether it's Germany, Rwanda, Ukraine, etc.

Not investment advice! Consult a financial advisor.

How to live on Bitcoin (playlist):

Banks dying:

Celsius freezes withdrawals:

Ethereum devs gets to decide when you get your money back:

New PayPal Policy Lets Company Pull $2,500 From Users’ Accounts If They Promote ‘Misinformation’:

China freezes bank deposits:

Canada freezes then unfreezes protestors' bank accounts:

Argentina freezes bank accounts:

Lebanon closes the banks:

Circle freezes USDC at law enforcement request:

Bank of Cyprus depositors lose 47.5% of savings:

Banks discriminating against minorities:

Satoshi understood the central banks and banks:

Falling purchasing power of US dollar over time:

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
#banks

Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.

[showcaserome]

1. Be Your Own Bank (Bitcoin)
2. Be Your Own Payment System (Bitcoin)
3. Be Your Own Int'l Wire System (Bitcoin)
4. Be Your Own Remittance System (Bitcoin)
5. Be Your Own Third Party (Bitcoin)

Absolutely positively ❤ this video

[twopeopleinparadise]

The People's Republic of Canada didn't just freeze the accounts of protestors and those who donated to them. They also froze the accounts of outspoken Canadians who weren't in Ottawa and did not donate. That's what happened to us, and it's why we left Canada.

We liquidated everything, put it all into Bitcoin, and moved to El Salvador where we now live our entire lives on Bitcoin. Life has never been better.

[dexinvictus]

Just called the Bitcoin CEO, they said we're good 👍

[ericsurprenant]

I sent this video to a friend who doesn’t understand BTC at all, this is a great video to explain the “why” of Bitcoin

[fowchiiiliedpuppiesdied]

I must say, I totally feel my government is hostile to me, already. I’m an American. Thanks again, Matt. You tha man.

[RONIN_SATS]

We are rapidly approaching the day when we no longer need banks. Much like video stores of the late 80s / early 90's, banks - as we know them today - will be nothing more than a memory. With bitcoin, no is bank required. Ever. You become your own bank. Bitcoin removes the need for any and all trusted 3rd parties. With bitcoin, you are your money. As Knut stated in his book, "the knowledge of the bitcoin is the bitcoin". This is something new for humans and will take time to grasp - no different than when the internet was first introduced.

[jh]

this has been my go to quote since the bank failures, perfect title BRO

[johnwalton]

I appreciate your clarity in explaining a complex system. I hope that more Americans take the time to learn about the second and third levels of understanding Bitcoin. Thank you Matthew.

[korypostma]

At 6:15, that is when we said enough is enough. Adoption just takes a while but people are starting to slowly realize there is only one safe place.

[ronatola]

This video should be the 1st one to be seen by any new Bitcoiner. Before they go down the rabbit hole without any context.
Even great for OGs as a pep-talk.

[lorrenlindsey]

Everyone wake-up already! The time is now 😎 🔑BTC

[bobrusou]

Bitcoin as savings account and FIAT as checking account.

[dmpath]

In early 2021 I used Celsius and Nexo for yield on btc. However after experiencing the stress and sleepless nights during market drawdown i decided that wasn't for me and by end of 2021 I had pulled all of it out into my hardware wallet. What a difference I have just watched the turmoil and bankruptcies from the sidelines over the past year or so. There is nothing like being your own bank and not having to bow down to the whims of various third parties who decide who gets their money and who will lose their money or just do a rug pull.

[FarfettilLejl]

Matt, this is probably the best orange pill video I've watched, especially now that people are finally beginning to see the problems with the legacy system. Thank you for all your hard work 🧡

[ekzyis]

Thanks for not annoying us with a long intro or anything else and getting straight to the topic! Highly appreciated!
I just noticed that you only mention "Please subscribe if you like this video" for literally only 6 seconds (I counted, lol)

[krob]

I'll be glad when everyone wakes up to these facts. Good job Matthew.

[bitcoinpoemspro]

Excellent! Matthew, I listen to many YouTube videos, but only some are suitable for beginners. But this is one of them! So I will share.

[atom]

Matt, incredible stuff. I really like how you just drove the points home at the end. Everyone needs bitcoin.

[fernandozahonero]

This reminds me when I used to get dating advice: “be yourself”

[markushodel]

Just a simple and fantastic summary of the asset that lets us sleep peacefully! 🙇‍♂️