Nowadays we need to be careful when publicly admitting to owning Bitcoin. A lot of crypto traders have been receiving threats as in the case of Daniel one of the guys from Chart Champions.
Things are escalating as, apparently, a
14-year-old kid from England got kidnapped after bragging on social media posts about having lots of money made from trading cryptocurrencies.
That's why I don't like anyone to know I'm in the Crypto business.
That makes complete sense. Social media is a vast platform and it has become relevantly easy to identify anyone's identity through these social media platforms.
It is of more risk if the person disclosing their crypto assets is a well known personality on the social media.
The risk of physical harm, kidnapping, theft etc.. becomes more easy for the criminal than to hack in their way to the persons wallet.
These kind of activities generally happen when the person is holding large amount of assets.
Only a fool would brag about his wealth on the internet.