The term «wallet» is a bit misleading, as Bitcoin’s decentralized nature means that it is never stored «in» a wallet, but rather decentrally on a blockchain. That could come in the form of linking the party behind the domain registration of bitcoin. Although the leading software wallets are trustworthy, popular third-party companies have collapsed , or been hacked , in the past. After all, unlike physical currency, like precious metals or printed money, bitcoin is just lines of code. Like any other asset, the principle of buying low and selling high applies to bitcoins.