Eric Balchunas: Doubts whether Coldcard's team of only 5 people can take responsibility for the security of millions of users

Bloomberg senior ETF analyst Eric Balchunas commented on the Coldcard security incident, questioning whether a company with only about 5 employees is suitable for undertaking Bitcoin storage responsibilities. Eric Balchunas said that the number of Coldcard employees seems unbelievably low. Eric Balchunas pointed out that if a bank has only 5 employees and is headquartered in Canada, are people willing to store their life savings. Eric Balchunas believes that this is considered a characteristic in the cryptocurrency industry, but from a traditional financial perspective, it can become a risk signal.