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The heated debate over the future of Bitcoin is intensifying, with the focus on custody, sovereignty, and the role of ETFs. Investor Fred Krueger(Fred Krueger) agrees with Nick Szabo(Nick Szabo)'s dual approach strategy, advocating for mainstream adoption of Bitcoin through banks and ETFs, while firmly defending users' rights to self-custody. This stance aims to bridge the divide between Bitcoin purists and ETF supporters. Analysts such as Eric Balchunas(Eric Balchunas) believe that ETFs offer cheaper and safer custody services and can promote wider adoption of Bitcoin; while critics like Sam Wouters(Sam Wouters) argue that ETFs strip users of the choice of self-custody, likening it to being a "bird in a cage."