Bitcoin vs. The Banks - The Real Battle for Your Money скачать в хорошем качестве

Bitcoin vs. The Banks - The Real Battle for Your Money

PNC just became the first major U.S. bank to let clients buy Bitcoin directly… but there’s a catch almost nobody is talking about. You can buy it. You can sell it. But you can’t withdraw it. So is that really Bitcoin ownership—or just another IOU dressed up in orange branding? In this video, I break down how PNC’s new Bitcoin offering actually works behind the scenes, why it’s powered by Coinbase, and what that really means for your money, your freedom, and Bitcoin’s original purpose. 💰 What you’ll learn in this episode 🔓 The truth about “bank Bitcoin” • How PNC lets you buy Bitcoin inside your Private Bank account • Why you can’t move it to your own wallet or hold your own keys • What it means when your “Bitcoin” is just a number on a bank screen 🏦 Banks, Coinbase & the new walled garden • How Coinbase holds the Bitcoin in custody on behalf of PNC • What “riskless principal trading” is and how banks can profit without ever holding the asset • Why this creates layers of abstraction between you and real on-chain Bitcoin 📉 From Bitcoin to paper Bitcoin • How this setup recreates the same risks that broke the system in 2008 • Why this structure can enable fractional reserve Bitcoin over time • The parallels with gold, gold certificates, and what happens in a redemption crisis 📊 ETFs, FTX & proof of reserves • How Bitcoin ETFs have already absorbed over 1.1 million BTC and why that might be more dangerous than bullish • Why you can’t easily verify whether ETF and custodian reserves are truly 1:1 • What FTX taught us about trusting custodians, balance screens, and hidden rehypothecation 🗝️ Self-custody vs. custody-only Bitcoin • Why “Not your keys, not your coins” is more than a slogan • The tradeoff between personal responsibility and true ownership • How custody-only bank products turn Bitcoin back into permissioned, trust-based money 🧠 Big idea of the video This isn’t just Bitcoin vs. the dollar or Bitcoin vs. gold. It’s Bitcoin vs. the banking structure that wants to control it. Banks aren’t fighting Bitcoin anymore—they’re absorbing it. Wrapping it in old systems, old incentives, and old risks. If they win, most people will never touch real Bitcoin. They’ll just hold claims on Bitcoin that can be frozen, rehypothecated, or fractionally reserved. Bitcoin was designed so you could opt out of exactly that. ✅ What you can do next • If you use exchanges or banks for Bitcoin – understand you likely hold a claim, not the asset. • If you want real ownership – learn self-custody, use a hardware wallet, and hold your own keys. • If you stick with custodians – demand on-chain proof of reserves, not just PDFs and promises. 👇 Tell me what to cover next In a future video, should I: 1. Investigate which other banks are rolling out similar custody-only Bitcoin products? 2. Break down Bitcoin proof of reserves and who’s actually transparent? 3. Model what a “run” on Bitcoin custodians would look like? 4. Dive into the legal side: when Bitcoin is in custody, is it really yours—or the bank’s? Drop your vote in the comments 👇 If this opened your eyes to what’s really happening with Bitcoin in the banking system, hit subscribe, turn on notifications, and share this with someone who thinks buying Bitcoin through their bank is “safer.” The real battle for Bitcoin isn’t about price. It’s about who controls it. #Bitcoin #Crypto #Banks #SelfCustody #NotYourKeysNotYourCoins #BitcoinETF #Coinbase #PNC #FinancialSystem #RyanMoneyLab Ryan’s Money Lab breaks down the real forces shaping your money—interest rates, inflation, housing, retirement planning, taxes, Wall Street behavior, and market cycles. This channel cuts through noise with data-driven analysis, clear explanations, and practical wealth-building strategies used by sophisticated investors. Whether it’s the Federal Reserve’s next move, the truth behind 401(k)s, bubbles in tech, or smart asset-based planning, Ryan’s Finance Lab gives you grounded insights to help you protect, grow, and take control of your financial future. Background Video Credit - alasabyss