Billions of Bitcoin Stashed Away in Bunkers
Most investors agree – when it comes to securely storing bitcoin holdings, cold storage is the safest way to go. But even offline storage has its limitations. Physical wallets can get lost or stolen; even private keys stored on offline devices are fodder for sophisticated hackers, who can set traps to steal information as soon as it appears online (for example, when you plug a flash drive containing a key into an online computer).
That’s why Argentinian multimillionaire and cryptocurrency advocate Wences Casares founded Xapo, a startup that is taking cryptocurrency security to the next level. His company now has secure underground vaults containing encrypted, offline computer servers on five continents – in total, they store approximately $10 billion in Bitcoin.
Casares, a serial entrepreneur who made his fortune as founder of multiple fintech startups, has been instrumental in cryptocurrency’s rise in Silicon Valley, persuading the likes of Reid Hoffman, the LinkedIn co-founder, to invest in Bitcoin – Hoffman became such a believer that his venture capital firm, Greylock Partners, invested $20 million in Xapo in 2014. “They’re the first folks who recognized custodial and security functions would be key,” said Hoffman.
Those functions are especially vital now that Xapo’s cache contains roughly 7 percent of the world’s existing Bitcoin supply – their total deposits amount to more than what is held in 98 percent of the United States’ 5,670 banks. Sean Clark, the founder of Canadian crypto firm First Block Capital, chose Xapo to store his company’s holdings because of their especially impressive security system. “Every part of their DNA is geared to security,” said Clark, who cited pulse readers on fingerprint scanners to ensure amputated hands could not be used to access the vaults. Ryan Radloff of CoinShares, who store in excess of $500 million in Bitcoin with Xapo, echoed the sentiment: “Everyone who isn’t keeping keys themselves is keeping them with Xapo,” he said. “You couldn’t pay me to keep it with a bank.”
Money managers have long struggled with the lack of verifiably secure storage options for cryptocurrency – Xapo believes they have the solution that would allow a “tidal wave” of institutional money to enter the space. They are aggressively pursuing clients from traditional financial institutions, confident their offerings are the future of crypto storage. “We believe Bitcoin won’t reach the mainstream if people have to hold their own private keys,” explained Ted Rogers, Xapo’s president. “It’s a pretty high hurdle technically to be your own bank with lots of security.” If Xapo has its way, no one will have to again.
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BTC.X sees its 50-day moving average cross bullishly above its 200-day moving average
The 50-day moving average for BTC.X moved above the 200-day moving average on May 22, 2025. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 08, 2025. You may want to consider a long position or call options on BTC.X as a result. In of 141 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BTC.X advanced for three days, in of 436 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day RSI Indicator for BTC.X moved out of overbought territory on May 23, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 54 similar instances where the indicator moved out of overbought territory. In of the 54 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 92 cases where BTC.X's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for BTC.X turned negative on June 12, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 61 similar instances when the indicator turned negative. In of the 61 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BTC.X declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
BTC.X broke above its upper Bollinger Band on June 09, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for BTC.X entered a downward trend on June 12, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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