Recently I have been seeing a lot of people who are key crypto players for the past few years, backing away from cryptocurrency & mining. I have a few bitcoins, but I have never trusted any exchange. I have bought BTC from people only and currently, it is in my own hands [technically speaking]. I get the whole FTX issue, but if you really are into Bitcoin & crypto, then why haven't you kept your exchange wallets in check? I personally almost never used exchanges. P2P is what bitcoin is really about.
The ups and downs of trust in crypto are common, even before the FTX case was revealed people also experienced this kind of thing. But the increase in bitcoin is actually getting bigger, both used as an investment and long term storage of assets, you do the right thing store assets in a safe place and don't trust exchanges as a place to store them. I think buying bitcoins on the exchange is not a problem, because you can send them to your personal wallet to store them.
People lost millions, now many key players are backing off. No comments on that as it is a personal choice, yet spreading negativity on youtube & Twitter about the same is pointless. If you have lost something, then somewhere it is also your responsibility. FTX is responsible for cheating people, but people now making videos about why everyone should back off from crypto is not right & is spreading unnecessary chaos in the market. I am not an expert, but this is simply stupid.
Everyone has the responsibility to invest and store assets in a safe place, the exchange is not a safe place to store assets, so any chaos involving the exchange is our own responsibility. The videos made on YouTube and the news circulating on Twitter are people's reactions and maybe they also use these two media to make money.
Most of the NEWS is fake & is a decoy from the government to get people out of Bitcoin.
Not too sure the government is fully involved in creating branding, maybe the community makes videos or news because it is based on the anxiety experienced by the community and as a fulfillment of the daily news coverage of one of the media.