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Bitcoin objection: “Security/hacking risk”

Published May 27, 2026
Joel Bomgar
by Joel Bomgar
YouTube Video Transcript
Objection number eight to Bitcoin is the security and hacking risk. This was a legitimate issue until two years ago. In March of 2024, Bitkey Bit ke website is bitkey.world which is linked in this post. Bitkey came out uh it was released by Block. It is which is a Fortune 500 company, one of the 500 largest companies in the world. So, Block, a Fortune 500 company, came out with Bit Key and they came out with it to solve the problem of security and hacking related to Bitcoin. If you secure your Bitcoin with a Bit Key device rather than just leaving it sitting on Coinbase or some other exchange, there is effectively zero chance that you have to worry about hacking or getting scammed or security concerns related to your Bitcoin. Now, you're still going to use something like River or Coinbase or something like that, Cash App, if you're just moving around small amounts the same way you would like a wallet in your pocket, moving around small amounts of US dollars. But for large amounts that you're actually worried about losing or getting hacked or getting scammed or anything like that, if you secure that by storing it uh and securing it with a BitKey device, then you do not have to worry about that at all. Um, additionally, you can buy Bitcoin in the form of a Bitcoin exchange traded fund, an ETF, which is just as secure as anything else that you might buy on a brokerage platform such as Charles Schwab or Robin Hood or Morgan Stanley or Erade or whatever. You can buy a Bitcoin ETF. And a Bitcoin ETF, again, they worry about the security. They worry about hackers. They worry about all those things. and all you have to worry about is, hey, they represent that I have so much Bitcoin and so many shares of Tesla or Amazon or Apple stock or whatever it is. But again, you outsource the security problem and uh risk of of uh hacking to them. Uh but again, for personal ownership, for the stuff people's worried about, which is like they have Bitcoin and then poof, it's gone. That risk went away on in March of 2024, more than two years ago with the release of BitKey. With the release of BitKey, it's super easy to to use. I've helped people set up BitKey. I've watched people set up BitKey themselves without my help that are even in their 60s and 70s years of age. So, anybody can use Bit Key. You don't have to be technical. It's very straightforward. It's basically impossible to screw up. and all of the concerns that people have related to that. People will say things like Bitcoin just doesn't feel safe or I'm worried about security or I'm worried about hacking or I'm worried about, you know, the security of my transactions. First of all, you don't have to worry about the security of your transactions, your transactions on the Bitcoin network, literally nothing is more secure than that. So, no transaction on the Bitcoin network, even after billions of transactions over the last 17 years, nobody's ever hacked a transaction on the Bitcoin network. That's the nature of the Bitcoin network is it you can't hack it. There's no way to intervene. Once a transaction is transmitted on the Bitcoin network, it's going to arrive at its destination. Period. That's how that works. Um, but obviously there is some risk of getting scammed or getting hacked. if you keep your Bitcoin on an exchange where it's only protected by your username and and password because a hacker or a scammer could get a hold of your username and password or if you were using some of the old solutions like a ledger or a treasure or a cold card, those solutions had something called a seed phrase. The problem with a seed phrase is that if a hacker or a scammer got a hold of your seed phrase, they could take all your Bitcoin. Bit Key solves all of that. There's no seed phrase. There's no way to get hacked or scammed. Um, again, unless you like literally just send your Bitcoin to a hacker or scammer on purpose, but there's no way for them to like con you into it. There's no way for them to sweet talk you into, you know, compromising your account somehow. So, as of March of 2024, anybody in the world has been able to safely and securely store their Bitcoin in a way that is completely immune from hackers and scammers and be able to just be at complete peace of mind. The latest version of BitKey, which is updated with a screen and some other features, cost $250. So obviously, if you own a small amount of Bitcoin, it's not worth spending $250 to to secure it. But if you own five or $10,000 of Bitcoin, then the price of the Bitkey represents only 2.5% or maybe 5% of the total wealth you are securing with that Bit Key. So as of March of 2024, there is a great solution that solves the security, hacking, and scamming problem related to Bitcoin. That is called BitKey. The website bit ke.world wo rld d. I've linked it in this video. bit.orld. Go buy yourself a Bitkey. You know, move your Bitcoin from Coinbase or wherever you're storing it. Move it over to Bit Key and you will not have to worry about um you know, you'll you'll not have to worry about hacking, scamming, losing it, fumbling it, messing it up somehow, and you will not have to worry about losing seed phrases like with a ledger or a treasure or anything like that. Uh, I've recommended BitKey to a ton of people. Nobody's ever messed it up. Nobody's ever gotten it wrong. Nobody's ever lost any funds. Uh, buy yourself a BitKey. It solves the hacking, scamming, uh, security concerns related to Bitcoin. And it solves them in a beautiful and elegant, I mean, just a a brilliant, brilliantly beautiful and elegant and simple to use, uh, solution. So, problem solved. Go get yourself a bit

Disclaimer:

The content provided in this post is for educational purposes only. It should not be considered financial, investment, or trading advice. I am not a licensed financial advisor, and all opinions expressed are my own. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Investing in Bitcoin or any other assets carries risk, and you should never invest more than you can afford to lose.

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