It's not going to be reality that everyone deals with Bitcoin on chain and self-custody. It just won't happen.
Discussion
I didn't say that. Bitcoin run as a KYC business basically operates as an extension of the state. Contrast that to say, a lightning-enabled fedimint.
No argument there. But what matters is that people are able to use it however they can to meet their financial needs so they can participate in the global economy. An ETF is not a stock, even though a stock might be a component of an ETF. It's all multiple layers of complexity, but as long as we see the growth in our portfolio and get what we need out of it, that's fine.
They won't.
Lightning, federations, ecahs, cashu and who knows what will be built next.
People arriving later in Bitcoin (when will be near hyperbitconization and a bit before) or with a not enough big stack in term of sats, will never trasact onchain. That's for sure. And that's fine.