Alex Bosworth: BTC in cold storage is not immune to forks

Alex Bosworth: BTC in cold storage is not immune to forks
BTC in cold storage faces fork risk

Alex Bosworth, head of infrastructure at Lightning Labs, explains that while BTC in cold storage is secure against many threats, it may not be protected from blockchain forks.

Bosworth adds that users who care about alternative chains that reference BTC should be aware that a fork can impact their stored coins, indicating a need for action to maintain control over assets across different networks.

Bosworth has previously discussed threats to BTC from potential cryptography bans, pointing to the importance of enforcement and economic factors in protecting assets in past comments. He has also observed that many intelligent individuals remain unaware of BTC's benefits, sometimes relying more on anecdotes than technical understanding in earlier statements. His recent remarks come as users reconsider how forks and network changes could influence stored holdings.

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