Hardware Wallet sales skyrocketed 300% over a week. People are starting to take it serious now.

Roughly one week after the FTX collapse and filing for bankruptcy, sending a shock-wave through all of crypto and causing many other exchanges to go insolvent too due to their exposure. People were actually in panic about every exchange and still are, a lot of FUD is being spread but also a lot of true news about exchanges possibly facing the same fate as FTX.

In the shadow of all that people are finally understanding the phrase “not your keys, not your coins“. This has made hardware wallet sales of Ledger and Trezor to skyrocket over 300% in just one week. Trezors sales revenues has jumped by 300% on weekly basis. Even the website traffic has exploded to 350% over the week. The CEO stated that the collapse of FTX is the reason for that.

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Part of the statement by Trezor CEO (extracted from cryptonomist.ch)

Now its obviously good to see that. People are actually taking all of those collapses asa an example to get off exchanges as quickly as possible.

Maybe its too late now for many as undoubtedly millions of people lost their crypto over this one week. But its better now than never.