Krutika Adani
Bitcoin faces increased centralization threats from various institutional owners, such as the Wrapped Bitcoin consortium and Bitcoin ETFs.
Bitcoin ETFs now own around 700k BTC and are highly regulated by centralized entities like local governments, corporations, and fund houses.
Wrapped Bitcoin, a consortium of three companies, BitGo, Khyber, and REN, also has a large number of Bitcoins with them.
Duo Nine, one of the top Bitcoin advocates, advises users to avoid subscribing to these centralized Bitcoin owners.
Users can use self-custody with wallets like Trust Wallet, Coinbase Wallet, and MetaMask, which are easy to use and already have a ton of explanation videos on the internet.