Hmm so if I understand this correctly

2009 - Present: Purchase BTC via an exchange, store in your wallet(YourKeysYourCoin)
2019 - Present: Purchase BTC wrapped in some shitcoin, store in your shitcoinwallet(YourKeysYourShitcoin)
2020 - Present: Purchase IOU for BTC via MSTR stock purchase, stored in MSTR wallets(NYKNYC)
2024 - Present: Purchase IOU for BTC via an ETF, stored in ETF companies wallets(NYKNYC)
2025 - Present: Purchase IOU for BTC from your bank, stored in bank's wallets(NYKNYC)


Is it right to say that more counter party risk options are being pushed out? I guess ultimately the purchaser doesn't have to use any onramp other than YKYC but there will always be people who choose convenience over security. Is the next blackswan event more than likely going to a failure in one of these on ramps do you think?