Can you back these claims up? An investor who puts millions into FTX, Voyager or Celsius (as recent examples of collapsed crypto firms) isn't a serious one.
No, those investors didn't do their research into those companies and/or were swindled by criminals. But nobody serious puts giant portions of their large portfolio in the top drawer or their desk. They rely on an institution that has (or says they have) multiple layers of security and processes e.g. like a bank).
So, you can't back these claims up.
Every single one? Really?
Not "
every single one", that's why I said "almost". Here's a documented timeline of hacked exchanges:
https://chainsec.io/exchange-hacks/. Note that this isn't "complete", as it says. It misses important incidents like Binance
getting hit by $570M hack. Here's another list of bankrupt crypto exchanges:
https://www.hedgewithcrypto.com/crypto-bankruptcies/. What matters to me, is that these were someday referred to as "secure" and "safer than guarding your private keys", whereas they were huge targets for hackers and lacked the regulatory framework to compensate the customers' funds instead. I expect from a serious investor to see the big picture here, and be responsible for their own wealth.
Correct. That is all possible because you put those assets in your own name and didn't purchase them anonymously.
Am I noticing a contradiction here?
If you buy a house and don't report it to the government, somebody can come steal your house and you will have no recourse.
It is simply possible because Bitcoin works outside the government's supervision. It doesn't matter the slightest whether you report your Bitcoin holdings or not. If a thief compromises your keys, you cannot resort to any institution.