According to online reports, according to Cointelegraph, individual investors have reduced their holdings of 247,000 bitcoins this year, while institutions, funds, ETFs and governments have increased their holdings of 225,000 bitcoins. In 2024, individuals sold 525,000 bitcoins to institutions and ETFs, while institutions increased their holdings by a total of 831,000 bitcoins. Analyst Sky Wee warns that Bitcoin is at risk of being monopolized by financial elites. As one of Forbes '2025 "30 Under 30 Blockchain Visionaries", Wee emphasized that Bitcoin does not need Wall Street, but Wall Street needs Bitcoin. He believes that although 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.