Part 6/7:
Before wrapping up, it’s crucial to address the inherent risks of holding Bitcoin. Many cryptocurrency enthusiasts may rely on exchanges to store their assets, but this exposes them to the risk of hacks or platform failures. Instead, securing Bitcoin via self-custody solutions such as hardware wallets is highly recommended.
Smart investors are urged to use robust backups for their recovery phrases, such as titanium plates from reputable brands, to ensure generational wealth can survive even the worst disasters.