Rather than forcing Bitcoin users to choose between full custody (sovereign multi-sig) and trusting a third party (IOU), new collaborative custody models and covenants allow institutional players like BlackRock to use Bitcoin while maintaining regulatory compliance and cryptographic security.

factualpending

Speaker

Odell

Evidence Quote

“we've had this like incorrect assumption in Bitcoin... that either you're fully cocked and you trust a third party... or you're fully cypherpunk... I think that there is just a massive gradient in the middle and basically like the center of that gradient is collaborative custody”

Source

What Does Bitcoin Fix? With American HODL— The Peter McCormack Show
Created: 8/12/2026, 6:33:26 PM

My Notes

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