Interesting... so what you're saying is that even if many of us self custody, if society as a whole choose to use custodial solutions where rehypothecation might really be happening, then it will naturally affect the value of Bitcoin.

The only way to fix it is to require payment in cold hard bitcoin.

And the only way to fix gold would be the same, except the markets for gold are in financial services... for using gold as a store of value.

So we gotta both encourage Bitcoin as a MoE over SoV, and eliminate the custodians. 🫡