$6 Billion STOLEN from Binance (Here’s What This Means For You)

Binance, the largest crypto exchange in the world, was just hacked for $6.3 billion, which many are calling the largest heist in history. In this video I break down what happened with the Binance hot wallet hack, why Tether and USDC could freeze their stolen tokens while the stolen Bitcoin can’t be stopped, and why nothing about the Bitcoin protocol was broken. I also cover what this means for your Bitcoin custody, including the three best ways to hold Bitcoin today: multisig self custody, multisig institutional custody, and Bitcoin ETFs. Finally, I look at the short-term holder realized price to show where Bitcoin’s key support sits after the 5% dip, and why this could mark the local bottom.

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00:00 What happened in the Binance hack
01:02 Why the Bitcoin network didn’t break
04:04 How to custody your Bitcoin
08:59 Bitcoin price outlook

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Disclaimer: I am NOT a financial advisor, and nothing I say is a recommendation to buy or sell any financial instrument. I will never ask you to send me money to trade or invest for you. Don't invest money you can't afford to lose. There are no guarantees in trading or investing. No matter what I or anyone else says, do your own research before making a financial decision. Receive SMS online on sms24.me

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