Willy Woo: Relying solely on ETFs and custody cannot achieve the sovereign attributes of Bitcoin; it is still recommended to allocate 15% of assets in BTC and gold

As the Coldcard hardware wallet exposes firmware vulnerabilities, over 80 million USD in BTC is stolen, and the market re-discusses whether to turn to institutional custody or directly buy Bitcoin ETFs, well-known analyst Willy Woo responded in a post stating that he does not oppose ETFs or custody solutions. They have many benefits in gaining recognition and accessing the traditional financial system, but the uniqueness of Bitcoin lies in the fact that it is the only truly sovereign mature digital asset, without nationality, cannot be blocked, diluted, or confiscated by any country, and only by mastering self-custody can one obtain this attribute.

Willy Woo stated that since World War II, the West has mostly lived in a bubble of security, but as Ray Dalio pointed out based on 1500 years of historical research, stability itself is a cycle. When the cycle ends, people will need reserves that can protect them when the world briefly collapses, while custodial assets may fail, and governments may confiscate assets both in the past and in the future. He indicated that we are currently in the later stage of this cycle and recommended allocating 15% of assets to sovereign assets such as Bitcoin and gold.