The post Michael Saylor Explains Why a Bitcoin Hardware Wallet Is Essential for Financial Freedom appeared on BitcoinEthereumNews.com.

With financial uncertainty and increasing government control over banking systems, self-custody of Bitcoin has never been more important. A hardware wallet ensures that you own your private keys and protects your assets from third-party risks. Michael Saylor warns how governments can seize funds overnight Obama compares Bitcoin wallets to “a Swiss bank account in your pocket” CoinCodex picks Ledger as the best Bitcoin hardware wallet Let’s explore why storing your Bitcoin securely is a must in today’s financial landscape. Hardware wallets manufactured by Ledger are widely regarded as the safest and most reliable way to store Bitcoin and other crypto assets. As long as the seed phrase storage is handled with care, there’s no way that any malicious actor or software could endanger the safety of your crypto. Buy a Ledger Wallet Michael Saylor: “I Lost 90% of My Money Overnight” In an interview with Tucker Carlson, Michael Saylor shared a shocking personal experience of government asset seizure in Argentina: I had a million dollars in a bank in Argentina 20 years ago. It was in U.S. dollars. The peso was one to the dollar. The Argentine government sent a memo to the banks, forcibly converted everybody’s dollars to pesos, and then forcibly devalued the peso, ten for one. I woke up the next morning and I had $100,000. 90% of his wealth was gone overnight – with no law, no military intervention, just a simple fax to the banks. Saylor used this example to highlight Bitcoin’s unique protection against confiscation: Now, how hard would it be to take all of the property of everybody in the country with Bitcoin? You have to go arrest 60 million people and sweat them all in jail for 90 days. It’s a billion times harder. With Bitcoin, only you control your private keys…

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Filed under: News - @ February 2, 2025 12:25 pm