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Transitioning from traditional banking to Bitcoin addresses several concerns regarding asset security. In a bank, funds can be frozen or seized, leaving individuals vulnerable to the whims of financial institutions. In contrast, Bitcoin users maintain complete control over their assets through private keys managed in a ledger. This self-custodianship means individuals can transact without intermediaries, enhancing their financial independence.
Moreover, one of the critical attributes of Bitcoin is its decentralized nature. Unlike a traditional bank, where a single point of failure can jeopardize everyone's money, the Bitcoin network is distributed across numerous nodes, providing added security and resilience against systemic risks.