
← Bitcoin Well Podcast12 aug · 1 u 07 min
Guest: Bitcoin Lost $116M. Then $853M Ran to ETFs Instead | Eric Yakes and Try Sellers
<p>$116 million vanished from "self-custody" wallets after a ColdCard firmware bug quietly broke wallet randomness for five years. The response from the market was almost nobody expected: $853 million flowed into Bitcoin ETFs the same week — the most custodial option available. </p>
<p>Eric Yakes (author of The 7th Property) and Trey Sellers (Fire BTC) join us for a two-part conversation: what actually happened with ColdCard and what to do about it, why the ETF flows might be Bitcoin's most interesting contradiction right now, the BIP-110 fork that failed in two blocks and what it proves about Bitcoin governance, the CLARITY Act's September 15 Senate vote, and Eric's case for Bitcoin's "7th property" — absolute scarcity. </p>
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<p>Eric Yakes: <a href="https://x.com/ericyakes">https://x.com/ericyakes</a> </p>
<p>Trey Sellers: <a href="https://x.com/ts_hodl">https://x.com/ts_hodl</a> </p>
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