I hear you, but the problem is it’s inevitable.

The state could also just take your BTC for national security reasons, just like they did with gold. So self-custody is non-negotiable. 

The key is they’re late; BTC is already distributed globally, with only 1 million left to mine.

The state and hedge funds were always going to get involved. And if other governments are going to secure BTC as a reserve assets, we would be foolish not to follow suit imo.