Pompliano Says a Bitcoin ETF Beats Hardware Wallets on Security

Anthony Pompliano says a spot bitcoin exchange-traded fund (ETF) is “the single most secure thing” for people holding $10,000 to $10 million in BTC, putting him at odds with crypto’s self-custody creed. The investor and podcast host made his case when he was asked how someone should store a meaningful amount of bitcoin. Pompliano pointed away from cold storage devices that bitcoiners have pushed for years, instead stating: Being a longtime BTC advocate, the remark lays in stark opposition to the “not your keys, not your coins” ethos that has been the bitcoin community’s mantra from day one. Self-custody solutions let an owner hold the private keys that control their funds, but an ETF hands those keys to a regulated custodian and gives the investor a brokerage share instead.

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