Unfortunately ETF funds will be how most people get into “bitcoin”. This is how the install rate of bitcoin will exceed WC, as measured in USD.
I still believe that few people will be self-sovereign. Even fewer will own a UTXO.
Bitcoin has two fundamental UX problems.
First, centralized solutions are more convenient and few people are willing to prioritize freedom and independence over convenience.
Second, most people have pressed a “I forgot my password” button in the last year and are scared of losing their keys. As much as we preach “it’s only 12 words”, that level of personal responsibility is a nonstarter for them.
I’m encouraged by projects like fedimint. I think this could make a real difference in helping to onboard more people.
