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In a recent podcast, Matej Zak, CEO of Trezor, a leading manufacturer of hardware wallets, emphasized the importance of self-custody in the crypto industry. Zak highlighted that self-custody, the act of managing one's own crypto assets, is a fundamental principle of the industry since the inception of Bitcoin. Despite the challenges and risks associated with self-custody, Zak noted that the growth of Trezor, from a team of 30 to nearly 200, underscores the increasing demand for self-custody solutions. Trezor, the company behind the world's first hardware wallet, continues to innovate by introducing devices that simplify the self-custody process, making it less risky and more user-friendly. Zak also shared tips for beginners embarking on their self-custody journey, emphasizing the importance of understanding how cryptocurrency storage works, keeping seed phrases 100% offline, and familiarizing oneself with recovery methods in case of lost keys. Finally, Zak discussed the potential impact of Bitcoin's recent halving on the market, acknowledging that while Trezor accounts for the four-year market cycle theory, past performance is not necessarily indicative of future results. However, he expressed optimism, stating, "I think we are prepared for the next all-time high!"

In a recent podcast, Matej Zak, CEO of Trezor, a leading manufacturer of hardware wallets, emphasized the importance of self-custody in the crypto industry. Zak highlighted that self-custody, the act of managing one's own crypto assets, is a fundamental principle of the industry since the inception of Bitcoin.

Despite the challenges and risks associated with self-custody, Zak noted that the growth of Trezor, from a team of 30 to nearly 200, underscores the increasing demand for self-custody solutions. Trezor, the company behind the world's first hardware wallet, continues to innovate by introducing devices that simplify the self-custody process, making it less risky and more user-friendly.

Zak also shared tips for beginners embarking on their self-custody journey, emphasizing the importance of understanding how cryptocurrency storage works, keeping seed phrases 100% offline, and familiarizing oneself with recovery methods in case of lost keys.

Finally, Zak discussed the potential impact of Bitcoin's recent halving on the market, acknowledging that while Trezor accounts for the four-year market cycle theory, past performance is not necessarily indicative of future results. However, he expressed optimism, stating, "I think we are prepared for the next all-time high!"

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Ethereum (ETH) is nearing the $4,000 mark, buoyed by the US Securities and Exchange Commission's (SEC) approval of spot ETH ETFs. This has sparked optimism among traders about the altcoin's price trajectory. However, a surge in ETH inflows into cryptocurrency exchanges could signal a selling trend. ETH has risen nearly 20% in the past month, largely driven by market expectations of Ethereum ETFs in the US. Despite a lackluster immediate response post-approval, the move towards the $4,000 mark is significant. Data from IntoTheBlock shows that Ether inflows into exchanges have reached their highest level since January, with a net inflow of 140.66k ETH on May 26th, the largest in over four months. Such substantial inflows usually indicate selling activity as individuals look to lock in profits or respond to fear, uncertainty, and doubt (FUD). Notably, a "smart money" investor recently sold 3,025 ETH for 11.8 million DAI at an ETH price of $3,904, netting a profit of around $1.11 million. This investor had previously accumulated 17,770 ETH between 2017 and 2020 at an average cost of $182 per ETH, selling this ETH at a price of $3,503 per token in March 2024, yielding a profit of roughly $59 million. Another Ethereum whale recently withdrew 2,856 ETH, worth $11 million, from Kraken. This whale had previously accumulated 35,176 ETH from the same exchange at an average price of $428 per ETH between October 2018 and November 2022. In October 2023, the whale deposited all this ETH back into Kraken when the price was $1,610 per ETH, realizing a profit of approximately $41.6 million. However, if the whale had held onto their ETH, their profit would now be around $122 million.
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