Part 3/8:
While the inevitability of Bitcoin's ascendancy is clear to Booth, he acknowledges the rise of custodial models that may threaten the core principles of decentralization. With the advent of technologies like ETFs and various trading applications, there is a palpable concern that Bitcoin might lose its essence — that of 'freedom money,' an asset truly outside the existing financial framework.
Booth reassures that the foundational layer of Bitcoin remains untouched. He emphasizes that its design—bound by energy and decentralized governance—ensures that attempts to manipulate or centralize it will ultimately fail. He references historical instances in Bitcoin's evolution where significant entities tried to exert control but ultimately were outplayed by the decentralized community.