Quote:
Originally Posted by spinner1001
For reasons similar to why people don’t put all their cash under their mattress (or wherever in their home), most people holding crypto will not use cold storage devices. Inconvenient, risk of loss, etc.
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100% agree. But that is one of the dilemmas that owners are faced with. The other option is also risky. Look at how many people have lost their crypto by letting third parties control them.
But since crypto has been glorified by so many traditional news outlets including CNBC, many folks have been completely oblivious to many of the risks. I guess ratings and advertising revenue are far more important to them than objective reporting.
Cramer called SBF the JP Morgan of this generation.