Analyst spots a surprising upside to Coldcard wallet exploit

The Coldcard exploit proves that self-custody is a dangerous liability rather than a security feature. With $131 million drained from "secure" offline wallets, the core crypto ethos of "not your keys, not your coins" has officially backfired. This failure makes a definitive case that institutional custodians and ETFs are actually safer than managing your own private keys. If cold storage can’t protect you, why should anyone trust themselves over a bank? Is self-custody dead?
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