Bitcoin Custody Rules Have Changed | Michael Tanguma SLP763

<p>Old self-custody approaches collapse once Bitcoin reaches six figures, physical threats rise, and AI tools proliferate. Single hardware wallets and mattress myths no longer match the scale or risks that large holders now face.</p><p>Michael Tanguma, CEO and co-founder of Onramp, returns to examine how custody must adapt to family obligations, mortality, and market structure that turns concentrated holdings into targets.</p><p>The discussion covers why repeated exchange failures keep Bitcoin looking speculative to outsiders, how multi-institution setups reduce scam ROI, and the limits of adding more dice or vendors in an AI era. It also addresses custody pricing models and the practical question of whether any current setup survives a tenfold price increase.</p><p>Game theory now requires diversified institutional layers rather than pure self-reliance for serious stacks.</p><p><strong>Timestamp:</strong></p><p>03:43 — Bitcoin Custody Won&#39;t Work Like 2012</p><p>05:49 — Self-Custody Rules Changed With Your Life</p><p>07:19 — Why Bitcoiners Must Stop the Mattress Myth</p><p>09:01 — Bitcoin&#39;s Asset Layer Makes It Unstoppable</p><p>11:22 — Private Keys Are Like Firearms</p><p>15:40 — Custody Losses Keep Bitcoin Speculative</p><p>18:56 — AI Just Changed Self-Custody Forever</p><p>21:41 — Why Bitcoin Robberies Are Skyrocketing</p><p>25:41 — Multi-Institution Custody Kills Pig Butchering</p><p>27:57 — Bitcoin at $650K: Security Nightmare?</p><p>29:30 — Game Theory Demands Multi-Custody Bitcoin</p><p>32:03 — Centralized Custody: The Honeypot Risk</p><p>37:56 — Why Custody Fees Should Be Zero</p><p>39:51 — Full Bitcoin Custody for $100/Month</p><p>42:51 — Would Your Setup Survive 10x Bitcoin?</p><p><strong>Links:</strong></p><ul><li><p><a href="https://x.com/mtanguma"><u>https://x.com/mtanguma</u></a></p></li><li><p><a href="https://x.com/OnrampBitcoin"><u>https://x.com/OnrampBitcoin</u></a></p></li></ul><p><strong>Stephan Livera links:</strong></p><ul><li><p>Follow me on X: @stephanlivera</p></li><li><p>Subscribe to the podcast</p></li><li><p>Subscribe to Substack</p></li></ul><p><strong>#Bitcoin #SelfCustody #Custody #OnrampBitcoin #StephanLivera #StephanLiveraPodcast #BitcoinSecurity #MultiSig</strong></p>