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Matt Levine

Nobody Wants to Misplace Their Crypto

Also ice-cream securities fraud, Klein SPAC, Kaep SPAC and NFTs.

I have argued for a long time around here that the biggest problem for most investors who are thinking about buying cryptocurrencies is remembering their passwords. It is just bafflingly easy to lose crypto, in the simple sense of accidentally misplacing it, whereas it is more or less impossible for a modern institutional investor to misplace stocks or bonds. 

Whenever I write this people make fun of me, because (1) it doesn’t seem like it’d be that hard to remember a password? and (2) the people making fun of me tend to be crypto-savvy and unafraid of a little information-security work. But, here, I’m right: