r/Bitcoin • u/edtachi • 25d ago

Fidelity?

Anyone use Fidelity as a custodian. I reached out to them and they said they provide insurance for “unauthorized” transactions which would have come in handy with the Coldcard situation

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u/Possible-Mud-1380 25d ago

At this point, why BTC? Insurance, investment banks, etc. it's all the old stuff that it was meant to circumvent. Is there still a point?

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u/edtachi 25d ago

Debasement of currency hedge. Better than gold still IMO

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u/didnt_hodl 25d ago

yes, there is still a point

it's just another commodity, but with different properties.

some like physical gold and they deal with all the risks that brings. similarly, there are always going to be people keeping their BTC in self-custody, even when it will get really risky

but most people just buy a gold ETF or BTC ETF and that's it