He then asked if he could store 1 BTC in the wallet, to which I responded, "Why not?" His next question caught me off guard: "What about the saying, 'Don't put all your eggs in one basket'?"
If we go by the exact meaning of this parable which simply implies:
This is a piece of advice which means that one should not concentrate all efforts and resources in one area as one could lose everything.
sourceFron the definition I don't think storing the full BTC into one hard wallet will pose any threat to the asset now or in the future. Here the effort and concentration mentioned was pointing towards a centralised way of doing things but in the case of the wallet the hard wallet give him full control of his asset, except there is something fishy that you are not telling us
I took a moment to think, but deep down I felt confident in my hardware wallet's security compared to hot wallets. However, he argued that it's best to split the Bitcoin into two parts and store them in two different hardware wallets.
What are your thoughts on this? Personally, I keep all my BTC in a single hardware wallet. I’d like to know, from the Bitcointalk community: do you think the saying "don’t put all your eggs in one basket" also applies to those using a single hardware wallet?
Why split it into two hardware wallets when one can just do the task and save him from having to keep two different private keys or seed phrases.