6 months ago, my savings went down because of the FTX debacle. I've never used FTX, I've never been a customer of this company, but my savings are in BTC, and because of that failure, BTC's value went down, and so went my savings.
Today, bis repetita. I've never used Binance. I've never been a customer of this company, but because the SEC sues Binance, BTC is down, and so are my savings, so I have a message to all bitcoiners out there.
Exchanges and BTC are 2 different things. One exchange going down doesn't mean BTC must follow.
Binance will disappear? I don't give a damn.
To start with, I don't believe Binance will disappear. It's a huge global corporation and even having to leave US market completely won't make it go bust. But yeah, people still overreact when some FUD shows up. I dunno why, perhaps Bitcoin is still young as more mature markets are normally less prone to FUD.