Bankruptcies of cryptocurrency companies boosted sales of Trezor cryptocurrency wallets

Trezor, a well-known hardware wallet manufacturer, has reported increased interest in its devices after a series of cryptocurrency companies went bankrupt and stopped issuing funds.

According to the company’s representative, holders of bitcoin (BTC) and other cryptocurrencies are «nervous because they are trying to protect their savings.»

Nevertheless, the company believes that it will take a long time before people realize that it is better to be the sole holder of the keys to their wallet. Despite the marked increase in interest in hardware wallets, most people still do not fully understand the risk they face when storing cryptocurrencies on exchanges.

In this regard, Trezor’s long-term goal is to educate people about the convenience of storing cryptocurrencies on their own.