I did follow your recommendation and register with Gemini. I am still going to use a hardwallet (to some extent) tho, because ultimately that is the only way I will fully and completely control any Bitcoin (in the case of financial events in which all regulated institutions will be subjected for some period of time).

However, in my opinion, it was a GREAT move for the W. Brothers to form as a TRUST entity vs. any other type of entity:

Banks (in the traditional sense of the term) is a government licensed body that takes deposits (a bank is a borrower of your money) or issues bonds or stock and lends out the money raised to other parties or invests in securities. A bank’s profit on the most simple of basis is (interest earned on loans made) - (interest paid to deposit holders).

TRUST companies are organization who act as FIDUCIARIES, agents or trustees (hence, the name) in the administration of monies, trusts and estates. A trust company is like a faceless lawyer for a trust fund kid - they MANAGE (not CONTROL) funds, hold onto property, pay bills and distribute income. Trust companies have now evolved into deposit taking institutions as well (which muddies the waters between banks) but with different types of restrictions than banks (they typically are limited in how or if, they can invest deposits).

The duties of a FIDUCIARY include loyalty and reasonable care of the assets within custody. ALL of the fiduciary's actions are performed for the advantage of the beneficiary = YOU.