Competing against industry giants like Ledger and Trezor is a formidable challenge, given their established presence and reputation in the hardware wallet arena. However, it's worth noting that Ledger, in particular, has faced credibility issues of recent times due to past mishandling of customer data. This may create an opportunity for a new major player to emerge.
Bitfold's approach is interesting, with a sleek design and a substantial 5.5-inch screen on their device. However, the concern arises from their choice of connectivity options, including Bluetooth, NFC, WiFi, and LTE. I have always been under the impression that connecting a wallet to the internet can introduce security risks compared to using an offline device.
Additionally, the price point of $2000 per device raises questions, especially for a B2C business model aiming to sell 50,000 units within their second year of launch. This could pose a significant hurdle in attracting a broad consumer base. Ultimately while the idea of a new entrant in the digital security space is intriguing, there are important considerations and questions that need clarification before full confidence can be placed in Bitfold's offering. Show Less