RT @MTanguma: The beauty of multi-institution custody is it works for our clients with 1,000+ btc balances, public pensions, and holders wi…

Sentiment is the worst it has been all cycle. The setup underneath it has never been stronger. The SEC, CFTC, and the largest institutions in finance spent this year lining up capital and resources ahead of a framework, and they will not get rug-pulled twice. That gap between mood and reality is why buying bitcoin in the sixties looks close to a gift. @macrojack21 on The Last Trade.

An Nvidia H100 rented for $8 to $12 an hour at the 2023 peak. By Q2 2026 it was $1.80 to $3.50. The machine still works perfectly. Its earning power fell about 70% in thirty months, on an asset the accounts write off over seventy-two. Google and Microsoft both extended their assumed server life to six years. Amazon shortened part of its fleet to five and took a $920m charge. Meta extended to five and a half and booked a $2.9bn reduction. The same hardware, and the operators reached opposite conclusions in the same year.

Bitcoin has such great product market fit that it got to ~$2T in market cap without anyone on the planet being able to confidently say it’ll be there tomorrow. Any custody solution with a single point of failure (whether it’s managed by an individual or a third party) isn’t good enough anymore. Long term holders looking to protect themselves against rampant debasement of fiat must distribute counterparty risk by leveraging the native properties of the asset (multisig). This is the only way to ensure they can’t get knocked out of the game because something goes wrong. These are the realities of a digital bearer asset. Custody needs to evolve.

People think bitcoin is risky because all they hear is horror stories of holders losing the asset. Custody needs to evolve. Long term holdings need redundancy. It’s why multisig is the standard. Onramp makes multisig easy and accessible, zero technical expertise required. Multi-Institution Custody means no single participating entity can move or lose the asset. The bitcoin remains offline in cold storage, fully transparent for the end client in a segregated vault. No single point of failure. Secured by three. Controlled by you. [@MTanguma]