Is it really wise to have all 1000 btc's in 1 physical coin? How much security can be put around it as the price of btc goes up?

Lol!
Would you leave this in your desk drawer (?), because that's what is was worth last Spring.![]()

My personal opinion, the 1000 bitcoins should be redeemed and secured at digital vaults
If I owned the coin, I'd deposit 500 btc's at Fidelity, 250 btc's at Bitgo and 250 btc's at Xapo or any combination with different reputable digital asset providers
Is it really wise to have all 1000 btc's in 1 physical coin? How much security can be put around it as the price of btc goes up?
I realize people think it's impossible but if bitcoin goes to $1M, that's a $1B physical coin
Even at current price or if bitcoin goes to $100K or higher, you can play around with the risk profile scenario
Now, if the person who owns it is a billionaire, then there is no need to be as concerned, who cares if something happens, the billionaire will be able to take the loss with relatively not much pain
Only bad actors, crypto fleecers, bagholders and scumbags advocate for custody BTC
Since you don't like btc, what crypto asset do you own?
You cannot use any crypto asset on the mainnet blockchain if you do not self-custody, this applies to Bitcoin, Ethereum, Solana and all other tokens in their respective smart contract platforms
You need to see a professional as you are suffering from a mental breakdown to try to argue against a very basic crypto assets operational feature
How is that my mental breakdown always leads to citing sources and you play internet psychologist?
You seemed to have completely missed the point. I cited the whitepaper to show how BTC is meant to be used to protect one's privacy i.e by not engaging middlemen. You are the one who posted how to give up that layer and go to 3rd party custodians.
I meant to say that custodial solutions and KYC BTC is an absolute shitcoin.
I was calling out scumbags, such as yourself, who advocate custodial solutions and those who peddle ICOs such as Ethereum or all these other nonsense as "crypto assets", not dissing BTC. You shouldn't be lecturing people about how to use BTC.
You have all the symptoms of a typical grifting e-beggar. Support for Tether, support for 3rd party middlemen, KYC BTC from exchanges and all the other nonsense that has led to a complete shitshow in crypto. But this is also a standard defense mechanism in crypto world. Next play will be probably I am against innovation, I don't understand, we are still early and other victim playing garbage. GTFO here.
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These things are called adoption and give Bitcoin and other crypto assets the value and will continue to grow at trillions and tens of trillions of $ in the future
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