Media Fuels Crypto Fears
Bitcoin often gets a bad rap in the media, with headlines about hacks and scandals like Mt. Gox, FTX, and Silicon Valley Bank. Mt. Gox held keys poorly; FTX played fast and loose with funds; SVB wasn’t even crypto-native but rattled markets anyway. Those human disasters were the result of bad custody practices, centralized exchanges, and greedy execs.
The Wild West of Crypto
As money primes the Bitcoin pump, more of these public crypto blowups will rattle the news.The public at large lump Bitcoin together with this lunatic fringe. It’s easy to see why average people think Bitcoin itself is a volatile, risky experiment. But you would be wrong to assume that these wild west boomtowns have anything to do with the security of Bitcoin itself.
The Unhackable Dream
Bitcoin’s blockchain has never been hacked. It’s increasingly clear that Bitcoin stands apart from the risks in its surrounding ecosystem. The blockchain remains an unbreached fortress while the history of crypto is plagued with the vulnerabilities of centralized custodians and human actors.
The Line, It Is Drawn
As the crypto space matures, the distinction sharpens: Bitcoin’s strength lies in its code, not in the fallible hands holding any keys. Trust the protocol, not the middlemen. Bitcoin is the antidote to risk.
