Yes. You read that right. Let me explain the logic behind this statement.

Let’s begin with the guy that started it all. Satoshi.

He wished to create – not a parallel currency to the traditional financial system - but a cryptocurrency with one goal. A goal of giving control over the money from financial elites to the hand of you and me, common man. On paper, a simple concept that everyone wants, but in reality an extremely difficult goal to achieve.

Not into the hands of another financial giant like Binance, but to every single person. Everyone should have the right to own their money.

I understand this as a fight for freedom, freedom for everyone, but it comes with a hidden cost. This cost is your responsibility. You as an individual will control your money. You are responsible for correctly sending your ETH to an ERC-20 wallet (and not BNB Smart Chain).

On one hand, this responsibility is terrifying. You are the only one to blame for your mistakes and if you make one, even just a tiny mistake, your money is gone.

On the other hand, there is no one else that controls your money, no one can inflate the BTC price, and no one cannot freeze your asset. This is freedom, but freedom with a price. And let me tell you, people are terrified of being responsible for themselves. Even though I am already in the crypto space for years, every time I am sending crypto from one address to another, I triple-check if the address is correct. Better be sure than sorry.

Binance is a Bank

There is nothing wrong with being a bank. But remember – the bank is not your friend. Bank will use you. They will use your fear of one’s responsibility. They use it to their advantage.

And they know you are afraid. They use this fear and a promise of returns if you keep your money with them. Money that you keep on an exchange or even in a bank is not yours. Bank goes bankrupt, you lose it all. If a cryptocurrency exchange goes down, you lose it all. You disagree with your government, and you get your assets frozen. Maybe you get them back, maybe you don’t.

Crypto is freedom

And there is just one way to reach this.

Everyone needs to know. Everyone should be educated on how to make simple crypto transactions, how to keep their crypto wallets safe and how cryptocurrencies work in general. The more knowledgeable we are, the better, given all the recent uncertainty, the impending bear market, and the FTX crash. Go out there and learn all you need to know to finally be financially independent.

We don’t need Binance for that. Binance needs you. So does every other exchange out there. Keeping your assets on them for that 15 % APY is simply not worth it.

So, remember, buy your crypto and move it away from an exchange. To private wallets. Be free.

If Binance disappears tomorrow, there will be bloodshed with unimaginable consequences. BTC could easily go way below $10k. But it would not disappear. BTC is unstoppable.

If Binance goes down, crypto will flourish. A collapse of the biggest crypto giant might be the last step we need as a crypto society to take all we own away from exchanges and banks into our own hands. Because we all want to own what is rightfully ours, right?

Binance, you shall be missed, but your sacrifice might be just what we need to make Satoshi’s dream come true. Financial freedom to you, me and everyone else.