https://www.youtube.com/watch?v=Df0_Q_CV4GMThe UK government is continuing its crack down on crypto. One guy had an account with £1.5 million in it frozen. I believe it was in a Coinbase wallet. Obviously this is going to increase during the next 12 months, and it emphasises the fact that you should keep your crypto in a secure wallet, and where you are the only person that knows the private key and the seed.
There is no difference between keeping fiat money in a bank and storing pins in a centralized platform. Some traders keep coins in these platforms because they use these funds for transactions often. But for someone who is hodling such an amount, non-custodian wallet should be his only choice. We don't have to wait for this shit to happen to us before we make amends. The next country that will do the same thing the UK government has done might be your nation. Hence, there is a need to embrace decentralization to avoid regrets.