In simple terms, self-custody means being the only person in full control of your Bitcoin.
For the first time in human history, each of us can own something truly scarce in the digital world, something that cannot be debased (there will only ever be 21 million Bitcoin) and cannot be confiscated (since only you can access your Bitcoin).
Bitcoin makes this possible through a sophisticated combination of programming, mathematics, and cryptography. This is so powerful that even today it’s hard to fully grasp its consequences and implications.
But remember, with great power comes great responsibility.
On one hand, self-custody gives us tremendous freedom, making us immune to monetary debasement (the main cause of inflation) and confiscation (as in the corralito in Argentina 2001, Cyprus 2013, Greece 2015, Canada 2022, etc. just to name a few).
On the other hand, it makes us fully responsible for our money. That’s why education is essential, because even a small mistake, such as sending Bitcoin to the wrong address or forgetting your private key (the unique code only you know that grants access to your Bitcoin), means your funds are lost forever, with no way to recover them. A famous example is James Howells who lost his private key to 8,000 Bitcoin (currently worth over 1 billion USD) and has been searching for it for over a decade without success.
Thanks to Bitcoin and self-custody, individuals can become truly empowered and sovereign.
The good news is that at Bitcoin Journey, we can teach you how to achieve sovereignty in just a few hours. We’ll guide you step-by-step to create your own unique private key and ensure you understand each stage of the process. It’s not complicated, but it’s crucial to do it correctly because, as mentioned, even the smallest mistake can have enormous consequences.
Start your Bitcoin Journey today. It’s never been easier, and chances are, your future self will thank you.