Jameson Lopp: Third party bitcoin custody does not eliminate loss risks

Jameson Lopp: Third party bitcoin custody does not eliminate loss risks
Third party custody does not eliminate risks

Jameson Lopp, board member at Casa, stated that moving bitcoin to a third-party custodian such as an ETF does not eliminate risks of loss. Lopp argued that third-party custody is exposed to all self-custody risks as well as additional risks, rejecting claims that this approach offers greater protection.

Lopp has previously criticized the ongoing trend of users shifting their bitcoin trust from one centralized provider to another after security failures, as reported in one of his earlier statements. He has also noted that previous predictions about bitcoin’s sustained price moves have often proven inaccurate, according to another report. These comments add context to his ongoing caution regarding third-party custody solutions.

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