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!"