source avatarAndrew Webley

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I've consistently said that anyone buying Bitcoin treasury companies needs to understand what they're actually buying. In the case of Smarter Web, it's an operating business with a Bitcoin treasury that has historically increased Bitcoin per share. That's very different from simply buying Bitcoin, and investors should understand that distinction. The same principle applies to self-custody. If you're taking responsibility for securing your life's savings, you need to understand every aspect of that responsibility. Sadly, I suspect many people underestimate the technical and operational risks involved. Self-custody is an incredible tool when done well, but it isn't risk-free. If you've been impacted by the recent self-custody situation - or if you use self-custody more generally - and you do not have a high level of technical knowledge take the opportunity to speak with people you trust. Ask them to help you review your setup, challenge your assumptions, and make sure you understand both the technical and operational risks. Just as importantly, make sure the people you love know what they would need to do to access your Bitcoin if you were no longer around. A custody plan should protect your assets without making them inaccessible to the people you intend to leave them to.

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