Can The Government Block Your Bitcoin Wallet?
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In this video, I discuss whether the government can block your Bitcoin wallet.
Although governments can flag certain Bitcoin addresses and force crypto exchanges to confiscate any Bitcoin received from those flagged Bitcoin addresses, governments cannot stop the peer-to-peer transfer of Bitcoin. Bitcoin remains permission-less and censorship-resistant.
The government and chain surveillance firms can still track the movement of this flagged Bitcoin.
To make their job harder, always use a fresh address to receive Bitcoin, and consider CoinJoining your Bitcoin as well. CoinJoin can give your Bitcoin a "fresh start" and sever it from its deterministic history.
Also learn how to withdraw your Bitcoin from the exchanges and hold it on a hardware wallet, where you control your own private keys.
Not investment advice! Not legal advice! Consult a financial advisor and/or lawyer.
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Great hardware wallets:
https://trezor.io/
https://blockstream.com/jade/
https://coldcard.com/
BlueWallet:
https://bluewallet.io/
When the US gov confiscated all the gold:
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I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
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