Can someone please explain how hardware wallets are still being sold for hundreds of dollars.

When you can buy a brand new smartphone for under $50?

Dont tell me its because of an EL6 secure chip which is no more secure than any other chip?

I think all the hardware wallet manufacturers need to rethink their business models at this point. Yes when the industry was tiny and only a few thousand people were in need of a hardware wallet price gouging was understandable.

But now we stand on the front row of history and this is about the other 6bipoion people who are going to require a hardware wallet in the next year maximum.

Yes trezor, keepkey, ledger, coldcard, tangem, keystone, onekey im talking to all of you