I agree, I think there will be long term and negative spillover on crypto because of FTX. Ordinary investors will be turned off by it. If that can happen to FTX what's to say it can't happen at Binance? I think people should store their crypto in their own wallets so they are in full control. Do you mind if I ask if you keep your holdings on an exchange or your own wallet?
Correct. However there are still many that are either not invested or just too lazy, until they experience it themselves. Perhaps they don't have a substantial holding or just believed that the exchange is too established to go bust. Binance is one.