00:00consider a future not of technological failure but of access revoked a day may come when you
00:11wake up to find the free market for digital assets has vanished exchanges shuttered liquidity
00:18evaporated the only path to ownership wall street's structured products this isn't a dystopian
00:24fantasy it's the logical end game of the institutional playbook we're witnessing unfold
00:29the free market was never their destination it was merely their testing ground by the end of this
00:36you will understand why the window for direct ownership is closing faster than anyone realizes
00:41institutions like goldman sachs and bny mellon have been building infrastructure but not for you
00:48they've constructed rails for their own settlement not for retail direct ownership think about it
00:55when you use a typical exchange you don't own the asset you hold an iou in an omnibus account
01:01it's the digital equivalent of a bank holding your money in a bankruptcy you become an unsecured
01:07creditor as we saw with celsius and ftx the system is not designed for radical direct ownership it's
01:15designed for control so what is the institutional blueprint the consolidation into structured
01:21products etfs trusts notes and derivatives this is the future they are engineering why because it's
01:29a system they control they profit from custody fees management fees and trading spreads they avoid
01:37the cumbersome complexities of private keys and cold storage by packaging digital assets into familiar
01:43products they can offer exposure to the masses while stripping away the fundamental power of direct
01:49ownership it's a sanitized fee generating version of crypto neatly fitting into your existing portfolio
01:56how does this transition happen the catalyst will likely be a liquidity crisis and the epicenter is
02:03tether tether provides over 70 percent of the liquidity for the entire crypto market
02:09it is the lifeblood for exchanges globally imagine a scenario where it depegs permanently
02:15the result would be an instant catastrophic liquidity vacuum 99 of exchanges and altcoins
02:22would be wiped out overnight this great consolidation would leave a landscape of bankrupt and desperate
02:28platforms ripe for acquisition by the very institutions that stayed on the sidelines
02:33on the other side of the crisis the free market is gone banks become the gatekeepers they will control
02:41redemptions liquidity and collateral you will hold claims to digital assets paper promises not the assets
02:48themselves only a handful of approved assets with real world utility will survive perhaps 70 to 90 projects
02:56like bitcoin ethereum and xrp for the average person this controlled system might even feel more convenient
03:04like owning a gold etf but the cost is the very freedom that defined this asset class the door to direct
03:12ownership to being your own bank will have slammed shut so what can you do if you own digital assets directly
03:20today in a self-custodied wallet or through a true non-omnibus custodial solution you are ahead of the
03:26curve you hold the bearer asset you have positioned yourself to participate in the ecosystem in ways
03:33that will be reserved for institutions in the future structure your holdings wisely seek proper
03:39custody and secure your assets this is the final window the institutions never intended for you to own
03:46the asset outright a crisis is their excuse to swoop in and lock it all down the time to act is now
03:53before the door closes for good
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