Trezor CEO Matej Zak, a leading figure in the cryptocurrency world, revealed the biggest “lie” investors will face in 2026 and the evolving security threats. According to Zak, the false sense of security offered by ETFs and exchanges is leading investors away from fundamental Bitcoin principles.
In 2026, the biggest risk for investors will no longer be price fluctuations, but where their assets are stored. Trezor CEO Matej Zak, a guest on Scott Melker’s “The Wolf Of All Streets,” highlighted a dangerous misconception rapidly spreading in the cryptocurrency world.
Zak stated that the biggest mistake investors make is believing Bitcoin ETFs or centralized exchanges are “completely safe.” “People buy ETFs or leave their money on exchanges,” Zak said. “Nobody asks that famous question: Who really holds the keys?”
Zak, noting that stock exchanges still function as “honeypots” despite improving their security systems, cited last year’s major stock exchange hacks as an example, saying that centralized structures will always be a primary target for professional hackers like the North Korean Lazarus Group.
One of the most striking headlines in the news was about AI-powered fraud methods. Zak warned that hackers can now use Deepfake technology to impersonate someone you know during Zoom meetings and trick you.
Referring to the wave of “FUD” (fear and uncertainty) surrounding the idea that quantum computers will kill Bitcoin, Zak said the following:
“If quantum computing arrives, not only Bitcoin but the entire global digital system, from your bank accounts to nuclear codes, will collapse. However, we are already working on post-quantum cryptography. Next-generation devices like Trezor Safe 7 are being built with an upgradeable infrastructure to withstand these future threats.”
Matej Zak, recounting how his family lost the value of their money overnight during the communist era in Czechoslovakia, reminded the audience why Bitcoin is a “technology of freedom.” According to Zak, self-custody is not just a technical detail, but the only way for an individual to protect their financial freedom.
*This is not investment advice.