 You know there's a saying, not your keys, not your bitcoin. France now on the verge of imposing mandatory KYC rules for all crypto transactions. Now what does this mean? Well what France is trying to do, not just France. That's just a stepping stone to all of Europe. The United States is on this direction too but basically what is happening lately is Wall Street has come in, has adopted bitcoin, do you want to suck it in? And obviously with that we have regulation, KYC, AML, tracking everything, yadda yadda yadda. And basically what they want is they want every single exchange, every single wallet to do KYC and AML for every single transaction. They're even going to take it to a point where they're suggesting that if you are a wallet you can only send to transactions that are white labeled. So meaning they want to kind of create their own island away from non-custodial wallets. You'd be foolish if you did not see this coming. Simple as that. Very foolish. You know there's a saying, first they first ignore you then they laugh at you then they fight then you win. And we're just entering the fight stage. If people think we've won they're crazy, absolutely crazy. We are now entering the realm where we're going to have the incumbents coming in the Wall Street versus Main Street to regulate bitcoin to death. And how do you regulate bitcoin? You control the on ramps and off ramps for not just the exchanges but for the wallets. And so we're going to have a battle between two types of bitcoin in the future. And what do you mean by future? I mean now we're going to have the highly regulated controlled KYC, AML, draconian measures of bitcoin. And then we're going to have the open source, let's call it more of the cypher punk movement, the original movement with Satoshi, bitcoin vision. And this is going to lead to, in my prediction, another bitcoin protocol war. Now the war will be you have companies like MicroStrategy, you just had a huge insurance company buy $500 million worth of bitcoin. You have all these people that own significant percentage of the network which more or less have a say. I want to say a say, but they can say, well, we're going to choose this chain afterwards or we want this done in the protocol. So no different than what happened with the miners and the nodes and the wallets and the exchanges with said with 2x a couple of years ago, we're going to see something I would say times 10 magnitude coming towards bitcoin. And I always say this guys, not your keys, not your bitcoin. Now I'm not against you guys putting your bitcoin on places like BlockFi or Ledin, they want to get some interest or you're using exchanges, that's fine. Just know that if you don't own your keys, you don't own bitcoin. I think if you are using bitcoin in a favorable manner to earn more bitcoin, whether that is collecting interest rates, whether that you're trading for other coins, you would have a small percentage of bitcoin that you are comfortable with KYC and AML and maybe even being seized if some of these exchanges, for example, the government comes in and shuts them down overnight. Now you'd be foolish to have all your bitcoins on there. You should have a majority of your bitcoins if you're a long term holder, if your time preference is long, you should have it stored away, air gapped on a cold storage, whether that is cold card wallet, ledger, you pick by having it offline and making sure you back up your seed phrase, at least on a metal device. There's many out there. Paper, it's too vulnerable for fire, flood, et cetera. And I'll leave with this guys, not your keys, not your bitcoins, practice proper security measures, practice proper bitcoin hygiene and get ready because the war on bitcoin is just starting. And I'll come out with another video later on today, I'm going to be making more news videos like this and I'll talk to you guys later. Oh, by the way, subscribe to this channel, leave a comment, let me know your thoughts on all this stuff. And I'll see you later. Peace.