It's scary to think about just how much "new" money is sitting on exchanges. Just the idea of withdrawal limits reminds me of more familiar traditional banking features that we're all trying to replace, but even then, with a bank, if you want to wire millions, you can wire millions.

It's easy for fiat to move into crypto, but it's not so easy getting back out (when you're talking about profits and a rising market).

And then you've got TAX considerations. When you convert to fiat, you have to report it, and with no cost basis, holy shit batman, there goes a good 40-50%, if you're lucky. And transaction costs. And slippage. Etc.

There are lots of sound reasons why it's better just to leave it in crypto. A crypto milk cow is what I've got for life. ;-)

I'm sure that's the attitude many have, and accounts in large part for why Bitcoin profit takers are staying inside crypto by buying Alts.

And it's all sitting on the exchanges.

Any one that were to go down would certainly send shock waves through the entire system.

Another good reason to be on top of wallets. It's in everyone's best interest to have as few wallet issues as possible.

Edit:

And then I realize once again that the withdrawal limits are within crypto itself, that you are limited to the equivalent dollar amount of crypto itself!

That's a lot of "money" sitting in very vulnerable places with almost zero oversight. That's not a good combination.