Companies, like exchanges, come and go over time.
Bitcoin, on the other hand, is here to stay for the long term.
If you keep your bitcoin in your own cold wallet, it will be there tomorrow, and in the next few years.
If you trust your bitcoin with a third party, well, anything can happen, and you are not guaranteed to see it tomorrow, or in the next few years. The reason why the company doesn't have your bitcoins will be irrelevant, it can be many things.
Bitcoin, on the other hand, is here to stay for the long term.
If you keep your bitcoin in your own cold wallet, it will be there tomorrow, and in the next few years.
If you trust your bitcoin with a third party, well, anything can happen, and you are not guaranteed to see it tomorrow, or in the next few years. The reason why the company doesn't have your bitcoins will be irrelevant, it can be many things.
And that's what people don't understand these days. They believe Bitcoin has a "CEO" or someone behind it. The public usually associates mainstream exchanges' success with the success of Bitcoin itself. If an exchange goes all the way down the drain, there will be panic all around the world. Market prices will drop, albeit for a short period of time. That's the way it works.
At least, not everyone thinks the same way. There's a small minority that believes in decentralization and Bitcoin's ability to be used as digital money regardless of what happens with CEXs. What's important is that the main BTC blockchain keeps running as usual no matter the circumstances. As long as there's more than 2 nodes on the network, don't count on Bitcoin going away soon. Maybe it will live alongside CBDCs (digital Fiat) in the future? Just my thoughts
