Part 11/15:
He acknowledges vulnerabilities, such as "$5 wrench" attacks (physical coercion), but notes that multi-institution setups—especially when diversified across location and institutions—significantly raise the bar against such threats. They also incorporate layered verification, video authentication, and delay mechanisms to further safeguard assets.
The Industry’s Evolving Ecosystem
Jesse emphasizes that these custody solutions are part of a broader trend toward institutional-grade asset management for Bitcoin, including:
- Bitcoin Trusts & Funds: Leveraging private placement trusts structured similarly to major funds (e.g., BlackRock), providing exposure for institutional investors.