This podcast episode delves into the current landscape of Bitcoin trading and custody, highlighting the implications of options trading for institutional adoption, the tension between self-custody and institutional custody, and the evolving regulatory environment shaped by factors such as SAB 121 and the rise of stablecoins like Tether. Panelists discuss the transformative role of Bitcoin in the financial system, the bifurcation of the market between those valuing self-custody versus institutional solutions, and the competitive dynamics of Ethereum vs. altcoins. Amidst these discussions, they share insights and predictions around Bitcoin's future price, investment strategies, and the challenges posed by traditional banking frameworks.