4 ms·
> A properly-stored crypto cold wallet is a safe place for pretty much any amount of money. ??? It's a safe place for the units of cryptocurrency identified b
by swatcoder 4y ago
> A properly-stored crypto cold wallet is a safe place for pretty much any amount of money.
???
It's a safe place for the units of cryptocurrency identified by it, but those aren't money until it can be exchanged for something. Between you burying that USB key under the old oak tree and you digging it back up post-apocalypse, those units of cryptocurrency will have a very different exchange value. It's no different than tucking currency under a mattress, except that the odds of your 2023 cryptocoin being worthless by the time you pull it out is much higher than that the 20th century's global reserve currency becomes worthless. Although it might go the other way, your wallet contents don't sound like a very safe store of money at all.