Analyst: Bitcoin doesn’t need Wall Street, but Wall Street needs Bitcoin

according to Cointelegraph, this year individual investors have reduced their holdings of 247,000 bitcoins, while institutions, funds, ETFs, and governments have increased their holdings by 225,000 bitcoins. In 2024, individuals sold 525,000 bitcoins to institutions and ETFs, while institutions accumulated 831,000 bitcoins. Analyst Sky Wee warns that Bitcoin is facing the risk of being monopolized by financial elites. As one of Forbes' "30 Under 30 Blockchain Visionaries" in 2025, Wee emphasizes that Bitcoin does not need Wall Street, but Wall Street needs Bitcoin. He believes that institutional involvement brings liquidity and legitimacy, but the true power of Bitcoin lies in individual self-custody and direct participation, rather than through ETFs or centralized platforms.