The problem with major custodians Coinbase, BitGo, Fidelity, is that any bitcoin held is tracked in a private, centralized, manipulatable database. Not subject to outside verification & public scrutiny (of entire holdings). This tees up a perfect follow up for the timeline; Mt Gox, FTX, ....
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If you know you know. Monero delisted all major CEX.
Most Bitcoiners will go through the same frustration as Monero Bros back in 2021, when every shitcoin x10 while Monero had been naked shorted.