Crypto investors storing more than 1 month’s rent / mortgage in bitcoin
Crypto investors who require a wallet restoration or reliable cold storage
Crypto investors who prefer to control their own finances completely
Bitcoin is not only the world’s first truly scarce asset, it is also accomplished by digital means and fully verifiable. Once a bitcoin has been secured within a wallet, however, a non-digital (yet secure and destruction-resistant) backup becomes immediately essential. Storing the seed words offline is an essential step.
With the BIP-39 mnemonic seed word convention, the ease of backing up a wallet offline became remarkably easy to accomplish but did not protect against the threats of flood, fire, crushing and general decay of the medium on which it is stored.