If Institutions Own Most of Bitcoin… What Happens Next?

Live from @bitcoinmenaconf, David Sencil and Graham Stone sit down with @maplesyrupsuckr to tackle one of the most important questions in Bitcoin:

What happens when institutions own a massive share of the Bitcoin supply?

In this extended segment, the team explores:
• ETF concentration and Coinbase custody
• Sovereign funds entering the game
• Institutional incentives vs. Bitcoin’s cypherpunk roots
• Whether a majority-custodied Bitcoin is still “Bitcoin”
• Game theory between governments, funds & retail
• Quantum hard forks and who chooses the “real” chain
• Why self-custody still matters more than ever

One of the deepest institutional-risk conversations we’ve had on Token Narratives.

Recorded live at @bitcoinmenaconf in Abu Dhabi.