【Analyst: Bitcoin Doesn't Need Wall Street, but Wall Street Needs Bitcoin】 According to a report by Golden Finance and 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 cumulatively increased their holdings by 831,000. Analyst Sky Wee warns that Bitcoin is at risk of being monopolized by financial elites. As one of Forbes' '30 Under 30 Blockchain Visionaries' in 2025, Wee emphasizes that Bitcoin doesn't need Wall Street, but Wall Street needs Bitcoin. He believes that while institutional participation brings liquidity and legitimacy, the true power of Bitcoin lies in individual self-custody and direct participation, not through ETFs or centralized platforms.