Add as a preferred source on GoogleStrive CEO Matt Cole Warns AI Is Raising Bitcoin Self-Custody Risks
Cole said securing Bitcoin directly requires more work than people thought.
Strive CEO Matt Cole warned that artificial intelligence is increasing the risks of Bitcoin (BTC) self-custody, raising the demands on holders who take responsibility for securing their own coins.
“People thought self-custody was easy,” Cole said. “It was sold as easier than it is.” He described direct control of Bitcoin as a responsibility that requires work and said, “AI is now increasing the risks exponentially.”
Cole’s warning concerns the security work involved in holding Bitcoin directly. Strive, the Nasdaq-listed company he leads, has built a Bitcoin treasury of its own.
Strive previously said its holdings reached 32,773 BTC after a purchase of 3,311 BTC. Cole disclosed on Oct. 19 that purchases of 1,223 BTC from Oct. 14 through Oct. 16 had lifted Strive’s holdings to 36,818 BTC.
Sonny Jang
ReporterSonny Jang reports on people and leadership in digital assets for TokenPost. Send corrections or tips to info@tokenpost.com.