RWATimes on Nostr: 📰 Why $89 Million Coldcard Drain Is Bullish for Bitcoin ETFs, Bloomberg Analyst ...
📰 Why $89 Million Coldcard Drain Is Bullish for Bitcoin ETFs, Bloomberg Analyst Explains
🗓️ Aug 02 2026 15:20 UTC - Gamza Khanzadaev
Bloomberg’s Eric Balchunas shares his take on a $89 million drain from Coldcard hardware wallets and how it provides the ultimate bull case for regulated spot Bitcoin ETFs.
➤ A $89 million loss due to a firmware flaw in Coldcard hardware wallets has sparked debate about the reliability of self-custody for cryptocurrencies.
➤ Bloomberg analyst Eric Balchunas argues this incident strengthens the case for regulated spot Bitcoin ETFs, highlighting the security provided by institutional custodians.
➤ While ETFs offer price exposure and institutional security, they are not suitable for direct Bitcoin transactions, making them a preferred option for long-term investors seeking price appreciation.
#coldcard #bitcoinetfs #selfcustody #securityfailure #firmwareflaw #ericbalchunas #regulatedcustody #institutionalentities #priceexposure #hardwarewallets
🔗 Read more at:
https://rwatimes.io/articles/u-why-89-million-coldcard-drain-is-bullish-for-bitcoin-et-fs-bloomberg-analyst-explains-3606275885Published at
2026-08-03 00:17:38 UTCEvent JSON
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"content": "📰 Why $89 Million Coldcard Drain Is Bullish for Bitcoin ETFs, Bloomberg Analyst Explains\n🗓️ Aug 02 2026 15:20 UTC - Gamza Khanzadaev\n\nBloomberg’s Eric Balchunas shares his take on a $89 million drain from Coldcard hardware wallets and how it provides the ultimate bull case for regulated spot Bitcoin ETFs.\n\n➤ A $89 million loss due to a firmware flaw in Coldcard hardware wallets has sparked debate about the reliability of self-custody for cryptocurrencies.\n➤ Bloomberg analyst Eric Balchunas argues this incident strengthens the case for regulated spot Bitcoin ETFs, highlighting the security provided by institutional custodians.\n➤ While ETFs offer price exposure and institutional security, they are not suitable for direct Bitcoin transactions, making them a preferred option for long-term investors seeking price appreciation.\n\n#coldcard #bitcoinetfs #selfcustody #securityfailure #firmwareflaw #ericbalchunas #regulatedcustody #institutionalentities #priceexposure #hardwarewallets\n\n🔗 Read more at: https://rwatimes.io/articles/u-why-89-million-coldcard-drain-is-bullish-for-bitcoin-et-fs-bloomberg-analyst-explains-3606275885",
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