Description
In one week a bank in Paraguay went bust and locked out close to three million people, a French bank lost a reported $133 million to hackers, and 128 banks in Japan went offline because of one broken piece of equipment. Are banks about to fail, and what would that same money have looked like in Bitcoin, in self custody?
Heidi takes each bank in turn: ueno in Paraguay (insider lending, a regulator who used to run the bank, and savings handed back $1,600 at a time), Crédit Mutuel Arkéa in France (a reported $133M wired out to accounts under fake names), and Japan's 128 shinkin banks knocked out by a single data centre. Then the history, from Northern Rock in 2007 to Cyprus in 2013 and SVB in 2023, and the sentence Satoshi hid in Bitcoin's very first block in 2009.
📕 Why Crypto, Heidi's book: https://www.amazon.com/dp/B0GHGQJ5N3
🔐 Free self custody guide: https://www.learningcrypto.com/resources/how-to-self-custody-bitcoin
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Chapters
0:00 Three banks failed in one week
1:36 Paraguay: how ueno went bust
2:48 The regulator who used to run the bank
3:35 Where your Bitcoin would have been
4:03 France: Crédit Mutuel Arkéa robbed
5:10 Japan: 128 banks go offline
5:45 It has all happened before
6:21 The message Satoshi hid in block zero
This video is the Map: it shows you the terrain. The Learning Crypto community is the Guide, with real-time positioning, portfolio updates and direct access. Join at https://learningcrypto.com
Learning Crypto is run by Heidi and Toby, who have covered Bitcoin and self custody on this channel since 2016. Nothing here is financial advice. We will never message you first on any platform; anyone who does is not us.
#Bitcoin #Banks #SelfCustody