๐Hey there, Bitcoin enthusiasts!๐ Let's talk about the power and challenges of self-custody in the crypto world. Remember, "Not your keys, not your Bitcoin."๐ก
Self-custody is the heart of the crypto industry, allowing us to take full control over our funds without relying on centralized third parties. But, it's not without its intricacies and risks. Enter hardware wallets, the superheroes of self-custody!๐ฆธโโ๏ธ
Today, we're chatting with Matej Zak, CEO of Trezor, the manufacturer of the world's first hardware wallet. Trezor's growth from a 30-person team to nearly 200 is a testament to the increasing need for self-custody.๐
Trezor introduced the world's first hardware wallet, the Trezor Model One, back in 2014. Since then, they've released a range of devices aimed at making self-custody easier, less risky, and more convenient.๐
But how do you store your crypto the right way? Zak shares some crucial tips for beginners. Understand what self-custody is about, how crypto storage works, and write down your seed phrase, keeping it 100% offline. Trezor even guides users through the onboarding process.๐
Lost your keys? No worries! Trezor has integrated methods of seed phrase recovery. And as we've just gone through Bitcoin's halving, Zak acknowledges the four-year market cycle theory but reminds us that history isn't always an indicator of future performance.๐ฎ
So, are you ready to take control of your Bitcoin? Trezor is prepared for the next all-time high! Let's embrace the power of self-custody together.๐๐
