Stacks Co-founder Muneeb Outlines BTC Storage Diversification Strategy Post-Coldcard Incident

Muneeb advises splitting BTC holdings across ETFs, multisig setups, and advanced self-custody to mitigate risks highlighted by the Coldcard security breach.

Woofun AI reports that Stacks co-founder Muneeb outlined a diversified Bitcoin storage framework following the Coldcard wallet security incident. He emphasized that relying on a single solution is risky, noting that even top-tier security firms may not have thoroughly audited such code. Muneeb proposed allocating 20%-30% of BTC to regulated ETFs like BlackRock's IBIT, 40%-50% to multisignature solutions such as Casa, and the remaining 20%-30% to advanced self-custody methods using diverse hardware and entropy sources.

Additionally, he warned that quantum computing advancements could eventually compromise existing encryption, urging the industry to prepare for potential shocks similar to unauthorized cold wallet transfers.