Bitcoin’s Self-Custody Ethos Is Fading

And that's a debate that's happening among industry folks and even the original Bitcoin believers. They believe the ethos of Bitcoin is dying because these centralized exchanges and platforms like your BlackRock and Fidelity are buying hordes of it. They have it in the ETF and no longer will people have to worry about self-custody. Now, on one hand, that's good because it allows for mass adoption of the asset and technology. But on the other hand, to your point, it takes away some of those that value and ethos of the crypto assets, being able to do decentralized finance, actually owning the asset where you control the private keys. That's kind of disappearing. But unfortunately, I think this is the nature of the beast because human beings want things easy. They don't want friction. They don't want things complicated. So I think they're going to go the route of the institutions.