'normie clients want bitcoin without taking self custody'
That's kinda my point. The clueless will be taken for a ride somehow. How many exchanges collapsed because they claimed to have bitcoin that didn't exist? If someone has no idea what they are looking at, they can be shown whatever and as long as number goes up, they won't care about anything else. And wait until the regulators step in and add another layer of fuckery to the equation. I don't care what anyone says, this is the worst thing that can happen to bitcoin. People talk about using it to work outside the system, and now they are celebrating the system embracing it. Something will break. Maybe not in the next year. Maybe not in 10. But it will be poisoned like everything these people touch. I'm not saying any of this to turn people away. I buy whenever I can, and will continue to do so. But people need to not have their heads in the sand about this.