Sad but probably true. I still have hope that it changes but if you do the maths, we cannot onboard the world on the Bitcoin blockchain, we cannot even onboard 1 billion people (10% of the earth population I would roughly assume) to self-custodial lightning as just by channel openning/closing we would not have any block space for everyone.
But if a majority of people and daily transactions use custodials, these custodials must still from time to time settle on chain and more importantly it will always allow any new person or entity with the knowleadge and wealth to run a custodial for anyone they please, with the need to ask for permission.
This mean that if you don't agree with the terms and conditions of the big custodial player, bank or others, that you use, you can always and very easily migrate to another one, even a small private custodial that you trust. And this already give much more hope than the current closed system that we are in with fiat.