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Self custody and rehypothecation risk in institutional wrappers

April 3, 2026Coin Bureau, Davinci Jeremie, Bitcoin Magazine

Coin Bureau and Davinci Jeremie argue that custodial structures like 401K products and Coinbase-collateral strategies recreate Celsius-style counterparty risk, reinforcing the community mantra that Bitcoin ownership requires controlling keys.

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Coin Bureau
Davinci Jeremie
Bitcoin Magazine
self custodycounterparty riskretirementinstitutional custodycrypto wallet

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