'Not Your Keys, Not Your Wallet:' Elon Musk Adds To Block's Bitkey Buzz As Jack Dorsey Says 'Move Your Bitcoin Off Exchanges'
Portfolio Pulse from Mehab Qureshi
Block Inc. CEO Jack Dorsey announced the pre-order availability of Bitkey, a self-custody Bitcoin wallet, in over 95 countries. Elon Musk supported the move by reiterating the crypto maxim 'Not your keys, not your wallet.' The Bitkey wallet features a three-tier security system and will integrate with Cash App and Coinbase. This announcement comes amid concerns over the security of centralized crypto platforms following several high-profile collapses.
December 08, 2023 | 9:11 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Block Inc. has announced the pre-order of its self-custody Bitcoin wallet, Bitkey, which is expected to enhance the security of Bitcoin transactions and integrate with Cash App and Coinbase.
The launch of Bitkey by Block Inc. is likely to be seen positively by investors as it addresses growing security concerns in the crypto space and could lead to increased adoption of Block's services. The integration with Cash App and Coinbase could also enhance the company's ecosystem, potentially leading to a short-term positive impact on the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90