Fake bitcoin vs real bitcoin.

In case you haven’t noticed, Wall Street and the Central Banks are in full panic and attack mode. Wall Street and the banks do not want to give up their reign over the payment rails and the Central Bank cartel is forever addicted to their grip over the money printer. Deception has always been their weapon of choice. Watch what they do, not what they say. Not doing your own due diligence when it comes to bitcoin is what they are betting on. There are countless examples of Wall Street titans of traditional finance calling bitcoin valueless, a tool for illicit activity, a short lived speculative asset, a Ponzi scheme, and a “pet rock.”

Now, Wall Street is pumping out bitcoin ETF’s, options, futures, and other derivatives to deceive the masses into thinking that they offer their customers a better product and security because they are “regulated.” The reality is that in some cases they are creating synthetic, paper, or outright fake bitcoin. In these instances they are simply tracking the price of bitcoin on your behalf without having to buy and custody any bitcoin. All you have is a login and password to your account. When this happens, Wall Street is recklessly creating a fake supply of bitcoin, which affects the demand and price for “spot” bitcoin.

All public bitcoin addresses are viewable on the bitcoin blockchain. Ask the bank or brokerage firm you purchased your bitcoin from for the bitcoin addresses showing your bitcoin, and see what their response is. Better yet, ask them to send you your bitcoin and see what happens. A claim on “fake” bitcoin is not acceptable. The only way to be sure you own real bitcoin, and not get rug-pulled, is to buy it yourself and move it to cold storage. This means that you have possession of the private keys. For additional privacy and security, you should run your own Bitcoin Knots node.

I know this sounds overwhelming for some, but there’s a ton of free and paid support out there to help you accomplish this goal. The key is, you must be 100 percent committed to your financial future and the financial future of your heirs. My advice is to go down the bitcoin self-custody “rabbit hole” and keep digging until you find the answers you are looking for. Ben at BTC Sessions, Tony with The Bitcoin Way and Matthew with The Bitcoin University are great resources if you are new to this asset class.

As always, this post is for informational purposes only, and is not financial advice. Always do your own due-diligence and get all your questions answered before investing.