"The ETF Boomer"

This is the latest wave of investors (post-2024). They own Bitcoin, but have never touched a digital wallet or seed phrase. They buy it through conventional brokerage accounts (via BlackRock or Fidelity ETFs). They don't care about decentralization; they just see Bitcoin as a safe and legal retirement diversification asset. They sleep soundly because they are not afraid of being hacked, but they will never understand the thrill of "On-Chain."