Man who spent 1,500 BTC on graphics card now helps insure bitcoin holders

Read original at The Block·

Man who spent 1,500 BTC on graphics card now helps insure bitcoin holders

60-second summary

The individual who notoriously spent 1,500 BTC on a graphics card now helps insure bitcoin holders through Bitsurance, offering protection against physical attacks like fire, water, robbery, and the "$5 Wrench Attack." This service targets holders concerned about physical asset security, addressing a previously overlooked risk in the digital asset space with potential market implications for insurance and risk management.

Bitsurance, insures clients' bitcoin against "physical attacks" like fire, water, robbery and the "$5 Wrench Attack."