What is Bitcoin? Bitcoin is like online money, similar to Venmo or ApplePay. The big difference? With Bitcoin, there are no middlemen and it works globally. You pay someone directly, and no one can block or take a cut of your transaction. This is called "decentralized." Another big thing about Bitcoin: it holds its value over time, like gold. Why? Because there’s a limited amount of it — this is called “scarcity.” Right now, our dollar system is struggling. Since 2008, the government has been printing money at a crazy rate. That means your savings might not go as far in the future. Many worry the current system could break down, whether it’s 10 years from now or sooner. Bitcoin is different. It’s designed to keep value for the long haul. Think of it like digital gold: limited, valuable, and built for our online world. It’s a way to save and send money securely, built for the future.

So with higher USD prices, the @Cash App restrictive BTC transfer limits make smaller and smaller UTXOs. @jack can you comment and/or step in? Do you actually have my Bitcoin?

@jack - any updates on the super low transfer limits of Bitcoin into cold storage from @Cash App? As it stands, I end up with small UTXOs and have to make many many small transfers. My main question is WHY? Do you not have in custody all of your customers' Bitcoin? This seems out of line with the ethos of Bitcoin.