"Self-custodied holders have a lot…
"Self-custodied holders have a lot more influence than those really big collective entities because they can generally act faster... that's one of the positive findings from our paper is that's actually a rather anti-fragile aspect of the network: that some of the most committed and smaller entities actually have kind of a disproportionate impact compared to some of those larger entities." - Lyn Alden
"One #Bitcoin from a self-custody investor is basically infinitely more valuable in setting the price than thousands of Bitcoin held elsewhere if they aren't able to sell that fork.” - moneyball