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![EricBalchunas Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::149571760.png) Eric Balchunas [@EricBalchunas](/creator/twitter/EricBalchunas) on x 362.2K followers
Created: 2025-07-26 01:12:29 UTC

The other thing they brought up custodian being hacked and while I do think issuers should consider diversifying the custodian a la $IAU, the idea that someone is going to hack Coinbase for like $100b or $500b is insane. It would be the largest robbery in US by like 1,000x, front page news every day until they caught the guy. You'd honestly have to be an idiot to go for a target that big and secure (as almost all the btc is in cold storage). Better off w smaller, less secure targets hence the kidnapping attempts. ETFs = sleep at night.


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**Related Topics**
[$500b](/topic/$500b)
[$100b](/topic/$100b)
[hack](/topic/hack)
[$iau](/topic/$iau)
[coinbase](/topic/coinbase)
[stocks financial services](/topic/stocks-financial-services)
[stocks bitcoin treasuries](/topic/stocks-bitcoin-treasuries)

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