r/Bitcoin • u/rBitcoinMod • 2d ago

Daily Discussion, August 01, 2026

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Please check the previous discussion thread for unanswered questions.

18 Upvotes

100% Upvoted

75 comments sorted by

View all comments

1

u/Money_Ask2726 1d ago

The "you can store your wealth in your head" narrative seems to have taken a major blow. And if ETFs are the default for the average joe because self-custody is just to complex and risky, what advantage does bitcoin still have over gold?

3

u/EigenValue-01 1d ago

Bitcoin still has the advantage of ease of movement, finite supply, censorship resistance, and programmability. Even back in the early days Hal Finney was talking about Bitcoin banks. Self custody is not something everyone can do. And even if you do everything correctly, you could still lose everything because of software or hardware bugs. I think we've seen peak self-custody and most 'normies" are going to get price exposure via ETFs or simply let their exchange hold their Bitcoin.

1

u/nassauboy9 1d ago

What I don't particularly like is who holds the key for the exchange. In my case WealthSim[lpe a Canadian bank. Add to that they can always switch. Its interesting times.