According to CoinMeta, a senior ETF analyst from Bloomberg, Eric Balchunas, commented on the Coldcard security incident, questioning whether a company with only about 5 employees is suitable to undertake the responsibility of storing Bitcoin. He stated that the number of Coldcard employees seems incredibly low and pointed out that if a bank has only 5 employees and is headquartered in Canada, would people be willing to deposit their life savings there? He believes that this is seen as a feature in the crypto industry, but from a traditional financial perspective, it would be considered a risk signal.