SMRTR TechSep 29, 2024HackerNoon

US Banks Will Soon Offer Bitcoin Custody: Is This The End of Bitcoin as a Tool for Self-Sovereignty?

SMRTR summary

Michael J. Saylor and financial institutions are shifting Bitcoin's focus from a revolutionary monetary system to a traditional financial product. This change worries some Bitcoin supporters who fear it undermines the original vision of financial independence and self-custody. The trend could lead to increased regulation and centralized control of Bitcoin, potentially limiting its use as a medium of exchange.

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