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Natalie Brunell, board member at Semler Scientific and Bitcoin strategy lead, highlights renewed concerns about self-custody in the crypto community following the recent ColdCard hack.
She notes that over 10,000 coins were reportedly moved to exchanges yesterday, fueling speculation that some users are abandoning self-custody. Earlier this week, she discussed the trend with another industry figure, seeking perspectives on whether the masses are rejecting self-custody in light of recent events.
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Brunell has previously reported that Strategy sold 3,588 Bitcoin while former President Donald Trump made $1.4 billion from crypto holdings. In another note this month, she flagged market watcher DaveHcontrarian's view that Bitcoin may slip to $50,000 due to momentum-driven sentiment. The latest self-custody concerns follow a string of high-profile developments around Bitcoin trading and ownership.