The growing challenge of bitcoin self-custody versus reliance on institutions has sparked debate among experts. As the cryptocurrency space evolves, many users prefer the simplicity of ETFs or exchanges, leaving the question of who truly controls their assets.

Roundtable anchor Rob Nelson led a discussion on this topic, joined by Sue Ennis, Head of Investor Relations at Hut 8, and David Gokhshtein, Founder of Gokhshtein Media, to explore the implications of institutional involvement in bitcoin ownership and the importance of education in the space.

Rob Nelson opened the conversation by acknowledging that most people prefer not to self-custody their bitcoin, instead opting for central exchanges or ETFs. Sue Ennis agreed, stressing, "Not your keys, not your coin," but emphasized the need for education, stating, "We need more education out there so that people can really understand how to transact and have independence with this asset."

David Gokhshtein offered a pragmatic take, suggesting early adopters are secure regardless of institutional control. "If you've been buying bitcoin and ethereum... you're in a good position," he noted, while also expressing concern about the average retail investor's opportunity to enter the market. He added, "It really comes down to how many people are really in, 5%, 7%."

Regarding bitcoin education, Gokhshtein highlighted the challenge of instant gratification in today's society, saying, "People seek instant gratification... for those that delay their gratification, they win." He criticized the industry's early marketing efforts and warned that institutions will dominate, urging current bitcoin holders to advocate for a more inclusive future.