Custodial services involve a third party holding onto your bitcoin on your behalf, which can be convenient but comes with added risk. Self-custody, on the other hand, means you are responsible for keeping your own bitcoin secure, which may require more effort but gives you full control.

If you haven’t read Part 1, you can read it https://www.momentum-analytics.io/news/self-custody-part-1

“There are no shortcuts to any place worth going.” - Beverly Sills

The last few weeks have ushered in some volatility in the Bitcoin market. Markets unfortunately don’t go up in predictable straight lines. Bitcoin is no exception, and although the long term trajectory looks very promising, the retraces are often violent.

After the July 2016 halving, from the beginning of 2017, the bull market had six retraces of more than 30% and a seventh of 24% near the eventual cycle top.

From the chart below, think about where we may be today?

With all the excitement around the recent Bitcoin ETFs it easy to forget the importance of self custody and what makes Bitcoin such a powerful bearer asset. Ever heard of the saying:

“Not your keys, not your coins”

A powerful hardware wallet for securing your Bitcoin.

Blockstream Jade is an easy-to-use, purely open-source hardware wallet that offers advanced security for your Bitcoin and Liquid assets.

Be your own bank, use a hardware wallet to store your Bitcoin safely, borrow and lend on DeFi sites like Hodl Hodl and use on decentralised exchanges.