Stephan Livera Podcast Why aren't people doing self custody? with NVK | SLP694
5 snips
Oct 12, 2025 
NVK, CEO and founder of CoinKite and creator of the Coldcard wallet, dives into the innovative world of Bitcoin self-custody solutions. He discusses the importance of self-custody for businesses and the complexities of Bitcoin accounting. The rise of corporate Bitcoin treasuries highlights a growing institutional interest. NVK also explains the need for diverse custody solutions and the implications of the Bitcoin Core development debates. With ongoing innovations, he emphasizes how self-custody can shape the future of Bitcoin adoption and financial landscapes.
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Enforce Limits With Spending Policies
- Use spending policies on hardware wallets to enforce limits and whitelists for operational devices.
- Set velocity, max spends, or 2FA requirements so coworkers or travel devices cannot overspend.
Operational Friction Blocks Business Self‑Custody
- Businesses avoid self-custody mainly due to operational risk from staff and complex accounting and tax rules.
- Multi-person operational controls and tax tracking make self-custody practically difficult for mid-size firms.
Handle Accounting To Avoid Tax Traps
- Treat internal transfers as intra-account movements to avoid unnecessary taxable events.
- Use tooling and bookkeeping processes that track acquisition basis and date for every BTC movement.