It is also a bridge too far for some. I was having a conversation with a friend back when #bitcoin was around $58k. He is otherwise a very smart chap, but just could not get beyond the fact that, if you lose your seed phrase, your assets are gone forever. He doesn’t want the responsibility. Funnily enough his wife confided in me on Saturday that she has been stacking sats without his knowledge! 😂. So I guess he was smart enough to marry well …
Discussion
I hate the seed phrase thing. It makes me feel sick most days the responsibility on myself!
Good seed phrase hygiene is critical, and for larger stacks a m-of-n multisig. Lots of online resources available, including:
https://unchained.com/blog/how-to-store-bitcoin-seed-phrase-backups/