MAY LOSER - Ledger.

It’s a big maker of hard wallets (i.e. the best way to store your crypto cause only you can access your private key.)

Well, it announced a new opt-in feature that would allow it to access encrypted shards of your private key and send it to 3 companies.

That’s like building customers an underground bunker and then also building a tunnel so they can get in too.

So what? Ledger lost 2 big things…

1/ Market share. Its #1 competitor, Trezor, saw a 900% jump in sales after the Ledger Fiasco happened.

You know you f*cked up when your competition is up triple digit percentages. Oopsies.

But most importantly Ledger lost…

2/ Trust. Crypto investors now trust their local weatherman more than Ledger.

If you’re gonna play in this space, you gotta talk the talk and walk the walk.

Moves like these are like fish tacos on a plane - users can smell that sh*t from a mile away.