Samson Mow, who runs JAN3 and strongly supports Bitcoin, recently told crypto fans about keeping their Bitcoin safe. He thinks even cold storage might need to be more secure.
Mow says Bitcoin owners should make it hard for themselves to access their coins in cold storage. He believes people shouldn’t keep their private keys at home.
Mow shared a video of thieves taking a big safe from a house to make his point. They couldn’t open it, so they just took the whole thing. Mow said, “Your cold storage coins should be hard for you to move, too.”
Mow thinks the BTC price will hit $1 million soon, within a year. He says any big event could cause a huge price jump. He hinted that a tech giant like Apple or Warren Buffett’s company might buy a lot of Bitcoin.
In other news, a blockchain sleuth, Whale Alert, spotted an old BTC wallet waking up after 11 years. This wallet holds 190 Bitcoin. Back in 2013, it was worth only $12,125. Now, it’s worth over $11 million.
Source: Whale Alert X post
Right now, BTC is selling for about $60,700. It’s down 2.70% in the last two days after reaching over $62,000.
Securing Bitcoin: Mow’s Call for Stronger Storage Amid Crypto’s Rise
Mow’s company, JAN3, helps countries adopt Bitcoin. A vocal supporter, he often shares his thoughts on Bitcoin’s future. His latest warning about storage security comes as more people invest in cryptocurrencies.
The idea of cold storage is to keep BTC offline, away from potential online threats. But Mow’s warning suggests that physical security is just as important. Owners can protect their Bitcoin from digital and physical theft by making it hard to access.
The reactivation of the dormant wallet highlights how much Bitcoin’s value has grown. It also shows that some early investors might return to the market.
As Bitcoin’s price continues to fluctuate, experts like Mow continue to share advice on how to handle and protect these digital assets. With the potential for huge price increases, proper storage becomes even more crucial for Bitcoin owners.
Related Reading | Bitcoin Whales Make Big Moves In Market Crash
Furthermore, the author’s views are for reference only and shall not constitute investment advice. Before purchasing, please ensure you fully understand and assess the products and associated risks.
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