Arthur Hayes warns that institutional custody may turn Bitcoin from a financial freedom tool to an institutional asset, contradicting its decentralized ethos.

Despite the bullish market sentiment fueled by institutional interest, Hayes' narrative urges investors to consider the long-term implications on BTC's essence.

Hayes’ discourse sheds light on a scenario where the institutional custody of Bitcoin could morph it from a tool of financial freedom to an institutionalized asset, thereby derailing its original promise.

Institutional Interest: The Real Bitcoin Killer