As Bitcoin approaches near $100,000, security surrounding individual investments is increasingly vital. In the _Decentralize with Cointelegraph_ podcast, Joe Burnett of Unchained emphasizes the importance of multisignature wallets to mitigate risks associated with traditional single key setups. While hardware wallets offer better protection than exchanges, they still pose a risk if the single seed phrase is compromised. Burnett advocates for collaborative custody arrangements, where a multisignature vault is established with three keys—two controlled by the investor and one held by Unchained as a backup. This method ensures that if an investor loses access to one key, Unchained's backup key secures their Bitcoin. This balanced approach enhances security while maintaining the investor's sovereignty over their assets. Listeners can discover more insights from Burnett regarding Bitcoin's future price in the full episode.

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