C-Suite Realignment Severance packages to executives who fought the effort and lost, promoting new executives around the CEO who championed it. From: Bitcoin for Institutions
Key Insight from Bitcoin for Institutions: 4. Coinbase's legacy technology predates Segwit best practices, creating systemic risk for ETFs using them as custodian. Chapter: Bitcoin Custody Requires a Higher Understanding of Tradeoffs
⚠️ The Asymmetric Risk: Bitcoin drawdowns are temporary (historically always recovering to new highs), but missing bitcoin's appreciation is permanent. Fiduciaries face greater long-term risk from exclusion than inclusion. From: Mutual Funds / ETFs - Wielding the Blade