Clay Finck chats with Tyler Campbell about why self-custody is so critical and powerful for those that own Bitcoin, the role counterparty risk plays for Bitcoin holders, the differences between a hot and cold wallet, all of the terminology you need to know when securing your own keys, some best practices when it comes to securing your bitcoin on a hardware wallet, what Unchained Capital offers with their multisig solution, why Tyler prefers owning actual Bitcoin rather than a Bitcoin proxy like MicroStrategy or the Grayscale fund, and much more!   Tyler Campbell is the Technical Director of Concierge Onboarding at Unchained Capital. He helps individuals of all ages and backgrounds take extreme ownership over their bitcoin through multisig self-custody. He has a background in Applied Economics from the University of Minnesota and has spent his entire career helping to implement distributed technology systems for enterprises and individuals—a career that has taken him to 8 countries.   IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 01:47 - Why self-custody is so critical and powerful for those that own Bitcoin. 03:52 - Why counterparty risk should be considered when taking ownership of your Bitcoin. 15:42 - What a hot wallet is and what it’s use cases are. 18:55 - What a cold wallet is and why it’s more secure than a hot wallet. 21:03 - All of the terminology you need to know related to securing your Bitcoin. 27:23 - Some best practices in setting up a hardware wallet. 33:24 - The benefits of securing your Bitcoin using multisig. 36:02 - What Unchained Capital offers related to their multisig solution. 46:30 - Tyler’s thoughts on owning a Bitcoin proxy rather than actual Bitcoin. ☕ Get the freshest roasted and ethically sourced beans from America’s best local roasters with Trade Coffee. Plus, a total of $30 off your first order and free shipping — that’s more than 40 cups of coffee for free! To get started, take the quiz at https://drinktrade.com/TIP, and start the journey to your perfect cup. ✔️ Subscribe to Millennial Investing podcast show: https://open.spotify.com/show/7dnn22EWyo6MLsPaR492BM 🖊️ Access our free show notes and transcript here: https://www.theinvestorspodcast.com/millennial-investing/bitcoin-self-custody ▶️ RELATED EPISODES: - (MI128) Why Buy Bitcoin w/ Andy Edstrom: https://www.theinvestorspodcast.com/millennial-investing/why-buy-bitcoin/ - (MI164) What is Money w/ Jim Crider: https://www.theinvestorspodcast.com/millennial-investing/what-is-money/ 💡 OTHER RESOURCES - Check out Unchained Capital: https://unchained.com/ - Follow Tyler on Twitter: https://twitter.com/clockwork_prior - Robert and Clay’s tool for picking stock winners and managing our portfolios, TIP Finance: https://www.theinvestorspodcast.com/tip-finance/ - Check out our Investing Starter Packs about business and finance: https://www.theinvestorspodcast.com/mi-starter-packs/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ LISTEN 🎧 TO OTHER SHOWS FROM OUR NETWORK: ₿ If you're interested in Bitcoin, checkout our Bitcoin Fundamentals podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F8wOLjjwNCM5B1qFdrtTdTZ 📚 Dive into value investing and learn more about billionaires with our We Study Billionaires podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F9dDPFYGAHRbrWoToCe2uoU 🏘 Learn the ins and outs of real estate investing with our Real Estate 101 podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F8Yw_8xO2nk-RD7fhb3yktn 💸 Get introduced to the world of investing with our Millennial Investing podcast show: https://youtube.com/playlist?list=PL_xlkwLDH1F_p00VYv3psJ8rhDAGOvR5W ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ FOLLOW US ON SOCIAL MEDIA📱: 💻 Facebook: https://www.facebook.com/groups/theinvestorspodcast/ 👔 Linkedin: https://www.linkedin.com/company/the-investor's-podcast/ 🐦 Twitter: https://twitter.com/TIP_Network ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ 📥 Download Stig & Preston's 1-page checklist for finding great stock picks: https://www.theinvestorspodcast.com/form-youtube-checklist/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.