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

According to Cointelegraph, individual investors have reduced their holdings by 247,000 bitcoins this year, while institutions, funds, ETFs and governments have increased their holdings by 225,000. In 2024, individuals sold 525,000 bitcoins to institutions and ETFs, while institutions increased their holdings by 831,000. Analyst Sky Wee warns that Bitcoin is at risk of being monopolized by the financial elite. 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 while institutional participation brings liquidity and legitimacy, the real power of Bitcoin lies in individual self-custody and direct participation, rather than through ETFs or centralized platforms.