Part 9/15:
A significant part of the interview focuses on Bitcoin custody, a critical barrier for widespread institutional and retail adoption. Jesse’s company, Onramp, has pioneered solutions like multi-institution custody, addressing the risks associated with self-custody and institutional trust.
The Challenges of Self-Custody
Self-custody involves managing private keys, hardware wallets, and security protocols—viable for savvy investors but daunting for many. Jesse recounts his own experiences managing multiple hardware wallets, highlighting risks like losing keys or misplacing passwords, which can lead to irreversible loss of assets.