With Equifax being hacked potentially exposing names, addresses, dates of birth, driver license numbers and most importantly Social Security numbers of over 143 million Americans it's getting really hard to trust any company or agency with your personal information. I mean Equifax has been providing consumers with credit fraud and identity theft prevention products along with their traditional credit reports for years. If you can't trust them with your personal data who can you trust?
Of course when the security breach was discovered on July 29, 2017 CEOs sold millions of shares before they announced the hack publicly which then Equifax's shares crashed over 17%. That is pretty obvious insider trading. I wonder how many CEOs will go to jail...oh wait never mind. We live in the U.S where fraud de facto Business model.
This is why Bitcoin will thrive and shoot to the moon. There is an obvious loss of confidence in an institution that was supposed to be the top guardian of personal data. Banks such as JP Morgan Chase get hacked, but not Bitcoin.
I really do believe that Bitcoin (along with a few other established cryptos) are the future of personal financial security. Not only do these provide protection form hackers, they are also an excellent store of value and anti-inflation hedge.
Happy Friday everyone! Cheers!
Image source: https://www.google.com/amp/digg.com/2017/equifax-hack%3Famp%3Dtrue
Update: Did you know??
