I Almost Lost ALL My Bitcoin (Here's What Saved Me)
I almost lost all of my Bitcoin. Earlier this year a bug was discovered in the Coldcard hardware wallet that caused the private keys it generated to be far less random than they should have been, and people who did everything right woke up to a Bitcoin balance of zero. In this video I break down the one decision that saved my Bitcoin, and I sit down with Tony from The Bitcoin Way, who has audited thousands of Bitcoin self custody setups, to answer the questions every Bitcoin holder needs answered right now: what is the number one way people lose their Bitcoin, is it safer to leave your Bitcoin on an exchange like Coinbase or in a Bitcoin ETF, is self custody still worth it after the Coldcard bug, and how to hold Bitcoin in cold storage for decades without one mistake wiping out your life savings.Want to stack Bitcoin at below-market cost while slashing your tax bill? Learn how Bitcoin mining with 100% bonus depreciation works: https://blockwaresolutions.com/info
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The Bitcoin Way architects self-custody that matches the sophistication of your holdings. Real security, not convenience masquerading as safety: http://www.thebitcoinway.com/blockware?utm_medium=podcast&utm_source=partner-blockware
00:00 I almost lost all my Bitcoin
03:02 The number one way people lose their Bitcoin
04:03 The skills you need to hold Bitcoin for decades
06:54 Is leaving Bitcoin on an exchange actually safer?
07:51 Tony lost everything overnight in Lebanon
10:31 Did the Coldcard bug break self custody?
13:33 Passphrase vs multisig: which is safer?
20:35 "I'll just take my odds on the exchange"
26:40 Are Bitcoin ETFs actually Bitcoin?
29:58 How to build a Bitcoin inheritance plan
31:07 The biggest risk to long-term Bitcoin holders
36:02 What every self custody Bitcoiner has in common
38:35 How to get started with The Bitcoin Way
Watch this Next! → https://youtu.be/b-tCtVdmb98
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Disclaimer: I am NOT a financial advisor, and nothing I say is a recommendation to buy or sell any financial instrument. I will never ask you to send me money to trade or invest for you. Don't invest money you can't afford to lose. There are no guarantees in trading or investing. No matter what I or anyone else says, do your own research before making a financial decision. Receive SMS online on sms24.me
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