Myth busting

How we respond to myths about Bitcoin.

Anyone can say they understand Bitcoin. The quickest way to assess a partner is to read how they respond to the myths everyone has heard. Below is how we answer the common ones: plainly, without hype, and with the trade-offs left in. Use it to judge the quality of our thinking before you ever book a call.

Myth 1 · Ricky Saif

"It's too late; Bitcoin is a bubble."

Price and adoption are different questions. A bubble needs a reason to disappear; Bitcoin has a fixed supply and a growing base of holders, which is why the better question is how much risk you can live with, not whether you missed it.

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Myth 5 · Banitama

"Gold is the safer hedge."

Gold has the longest track record as a store of value, and for that reason it is hard to beat. Bitcoin is not a replacement; it differs on supply, portability and verification, and the sensible comparison is what each protects you from.

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Myth 8 · Banitama

"Bitcoin gets hacked."

The Bitcoin network itself has not been broken. The losses people read about came from exchanges, wallets and people, which is why custody design matters more than the technology.

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Myth 10 · Banitama

"Bitcoin wastes energy."

Bitcoin mining uses a lot of electricity by design, because that cost is what secures the network. Whether it is waste depends on the energy source and on what you compare it with, and both are worth looking at with real numbers.

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