Cold storage isn't risk-free, but neither are ETFs. Dan Held says Bitcoin holders should hedge against both hacked wallets and government seizures "My recommendation would…
Original source excerpt
Cold storage isn't risk-free, but neither are ETFs. Dan Held says Bitcoin holders should hedge against both hacked wallets and government seizures "My recommendation would probably be to mimic what …
Cold storage isn't risk-free, but neither are ETFs. Dan Held says Bitcoin holders should hedge against both hacked wallets and government seizures "My recommendation would probably be to mimic what I do, but a percentage of it. Maybe you buy IBIT, and then you buy spot Bitcoin and move it from Kraken or Coinbase to your cold storage solution. Buy both." "That way, you can sleep at night if the cold storage got compromised for any sort of reason." "I forget what the executive order was where we seized gold in the United States. But basically, with a snap of a finger, a government can seize these assets as well." "So that could happen and will likely happen in the future. Who knows how this all plays out? But the US did seize gold at some point. There is precedent for this one." "So basically, you want to protect yourself against multiple scenarios."
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