Question I keep coming back to is will everyone be able to be self sovereign and hold bitcoin in self custody or will it only be for the elites? If a transaction costs 30k sats today and this remains going forward with prices increasing, you have to maintain a 1M UTXO to be efficient, does layer 1 eventually price out self custody for middle and lower classes? And is it even possible to be self sovereign on layer 2 since you have to open channels on layer 1? I think time will tell, but hoping self sovereignty is for everyone, especially those that need it the most.

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It’s certainly an open question. I don’t believe 8 billion people will be able to hold bitcoin in self custody, but 8 billion people don’t all hold any scarce asset right now.