“If you buy bitcoin and cryptocurrencies from a bank, it is a tapir,” says Primo Pobre

In one of his latest YouTube videos: ‘Primo Pobre warned that people who buy cryptocurrencies from banks are ‘anonymous’.

This is because the bitcoin emerged in a context of crisis in 2008, when the banks collapsed. At the time, the US government even tried to save some institutions, but others ultimately went bankrupt for good.

The 2008 crisis was the biggest in recent years and exposed a possible corruption scheme at the banks, where money was lent without requiring much information from customers.

The name of the subprime crisis refers to one of the largest financial bubbles that shook the global economy.

“Satoshi Nakamoto knew that cryptocurrencies could not be kept in banks,” says Primo Pobre in a new video

Anyone who studies the history of bitcoin knows that the code name belongs to the inventor Satoshi NakamotoAn cypherpunk unknown who questioned the sovereignty of banking by creating the first decentralized digital currency.

For example, Primo Pobre, a Brazilian YouTuber with more than 3 million subscribers to his channel, warned that those who keep their cryptocurrencies in a bank are tapirs.

The financial influencer’s speech took place in his video “Complete the Cryptocurrency class for beginners, watch it today so you don’t cry tomorrow“, which at the time of writing already has more than 120 thousand views.

“Satoshi Nakamoto thought that cryptocurrencies could not be held in a bank because they were created precisely so that we could be free from banks and no longer be held hostage by them. That’s why I say here every month: if you buy cryptocurrency from the bank, you are very expensive, because cryptocurrency is created in such a way that you can be free from the control of the bank and then the idiot goes there and buys crypto from the bank.”

He continues to recall that no bank, government or company has control over bitcoin, indicating that the technology is decentralized in nature.

THE Primo Pobre also emphasized that “it seems like crazy talk,” but that Satoshi Nakamoto managed to put this theory into practice. The Brazilian also emphasized that governments and companies today have great interest in the subject, which has contributed to its appreciation over time.

“Beware of big mistakes when entering cryptocurrencies”

To the highlights the two biggest mistakes of people who want to make money with cryptocurrenciesPrimo Pobre has issued a stern warning over the issue.

First, he said that anyone who buys cryptocurrencies without understanding its basic principles has already started off on the wrong foot. Secondly, he emphasized that anyone who buys cryptocurrency at a high and when they see a decline, sells at a low is also making one of the biggest mistakes in his opinion.

Despite that, Hal Finney, one of Bitcoin’s pioneers, predicted that in the future, most Bitcoin transactions would take place outside the main blockchainThrough financial institutions that would offer Bitcoin-backed services.

In his words: “Bitcoin will be the ballast.”

This view suggests that banks could act as intermediaries and facilitate fast and efficient transactions, while Bitcoin could serve as the underlying store of value.

Although Finney did not specifically detail what the process of purchasing Bitcoin directly from banks would look like, his perspective indicates that he believed in integrating Bitcoin into the traditional financial system, with institutions offering products and services based on the cryptocurrency.

Finally, the full video follows below so that everyone knows the influencer’s opinion on the subject.