I see something like this in the future:

Large BTC exchanges could become the new crypto hedge funds of the future and current hedgies are not too happy about it... IMHO, this is likely to occur in some fashion as most large scale investors/firms may have missed the “early boat” into cryptos and need a way to accumulate at a reduced price without greatly influencing the price too much. I see the likes of big banks becoming preferred early investors in the futures arena as a way to get a foothold into cryptoland. Once they have accumulated sufficient coins (read contracts), they will begin to parrot how important crypto is to your portfolio and why it is a good investment. Retail mom’s and pop’s will now jump in and it will be as if it was JP Morgan’s idea all along.

In the distant future, actual possession of the coin will not mean shit. This is how gov’t will take hold of BTC and regulate. There will be a day when all the coins are mined/bought and trading them around will not be practical as is today. The infrastructure will be surrounding the coin. It will be an intangible placeholder for an intangible placeholder tied to something tangible and governable (fiat).