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-0.000307902839548324 -0.00174478275744095 -0.00437906260691062 0.00923708518645224 0.0110331850838181 0.0233321929524461 0.0354430379746836 0.0353575094081423
Stock impact report

Why Bitcoin Self Custody Matters [Forbes]

Coinbase Global, Inc. - Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Forbes
As Bitcoin adoption grows, more and more institutions will hold larger amounts of Bitcoin, and there is a legitimate question of whether such institutions (or even wealthy individuals) should be holding their private keys. Third-party custodians are a growing business in Bitcoin, and these third parties manage your keys for you. When you buy Bitcoin on Coinbase, they also are a third-party custodian. But make no mistake about it: the self-custody of private keys are the foundation of Bitcoin's trustless model. This does not mean that every single Bitcoin user needs to hold their private keys. But if no one does, then Bitcoin is no different than the fiat system we have in place today. Here are three reasons why self-custody matters, both philosophically and pragmatically. Not your keys, not your coins Let's rewind to remember what private keys actually are. Your private key is the secret random number that generates your public key, and therefore your Bitcoin address. The purpos Show less Read more
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