- Secure cold storage to prevent theft; even home-stored private keys are at risk, warns Mow.
- Mow emphasizes cold storage security: Safeguard Bitcoin from easy access, even by owners.
- Mow predicts Bitcoin surge with potential big investments from Apple, Buffett’s Berkshire Hathaway.
Samson Mow, the CEO of JAN3, has given an important warning about the need to secure Bitcoin correctly in cold storage. Mow highlighted that Bitcoin owners must ensure their assets are not easily accessible, even when stored in cold storage. He strongly advised against keeping private keys at home, where they could be at risk of theft.
Video Demonstrates Risks: Thieves Steal Safe from a Home
Mow recently shared a video demonstrating the risks of inadequate cold storage. The footage showed three thieves removing a large safe from a house after failing to open it on-site.
This example underscores Mow’s point that cold storage must be secure enough to prevent easy movement or access, even by the owner. He emphasized that the security of cold-stored Bitcoin should be so robust that it becomes difficult for anyone, including the owner, to move the assets without considerable effort.
Moreover, Mow has expressed a highly optimistic outlook on Bitcoin’s future.. According to Mow, this significant price surge, which he refers to as an “Omega candle,” could be triggered by large-scale investments from major corporations such as Apple or Warren Buffett’s Berkshire Hathaway.
Mow’s Optimistic Bitcoin Outlook: Major Investments Could Trigger
His recent tweets reflect this optimism, speculating on the impact companies could have on Bitcoin’s price if they decide to invest heavily in the cryptocurrency.
Mow’s warning is an important reminder to the Bitcoin community that while cold storage is essential for keeping digital assets safe, it still has risks.
He stressed the importance of not only relying on the cryptographic security of blockchain technology but also ensuring the physical security of the storage device. Bitcoin holders are urged to review their cold storage methods to make sure their assets stay secure.
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