The real risk isn't about custody models — it's about macro collapse.

If the global bond bubble implodes (which looks increasingly probable), governments will move fast to freeze assets, seize property, and control capital flows. Traditional wealth — real estate, stocks, bank accounts — becomes instantly inaccessible.

In that scenario, self-custodied $BTC is the only portable, seizure-resistant wealth you can take across borders. No bank approval. No government permission. Just your keys.

This isn't paranoia — it's a structural hedge against sovereign debt crisis and capital controls. El Salvador positioning itself as a $BTC-friendly jurisdiction isn't coincidental. It's preparing for exactly this kind of financial dislocation.

Self-custody isn't just about security. It's about sovereignty when the system breaks.