Part 9/12:
- Bitcoin: Highly volatile, but historical patterns suggest a four-year cycle of price growth. Long-term holders are rewarded with substantial appreciation.
10. Counterparty and Credit Risks
Stocks: Involve trusting brokers, custodians, and other third parties.
Bitcoin: Enables self-custody—holding private keys directly—eliminating counterparty risk. Holding Bitcoin yourself removes reliance on brokers or exchanges, significantly reducing risks associated with defaults.