So you're admitting to having a self-interested stake in getting others to convert a portion of their net worth to crypto, no? Since getting others to buy in would directly provide liquidity to your own position. Tell me, what customer or financial protections are in place for your crypto position. Are there any? At all? Or if the drive holding that "good portion" disappears, then so do your assets, yes? Having a bank close my account sucks. A lot. The answer isn't to buy into an even more broken system built on the exploitation of those looking to buy into a get-rich scheme. The answer is to hold cash for times where your bank isn't available. Cash depreciates in value, sure, but at least it's not locked into a guaranteed deflationary spiral that ends with guaranteed marginal returns. At least my position in cash doesn't pit me in a game against people who bought in cheaper and stand to make exponentially more than I can, off my back even.
Crypto bros are the guy who used to stand in the alley with a trench coat full of watches... Hah.
We're doomed if this type of crowd sourcing of scams sets in without people noticing and calling it out.
I bought $100 of BTC about 1 year ago when it was at $24,000, just the other day it was at $34,000 and my account said my crypto was at $102. That's all I needed to know about it.
Note that his story closes with the admission that he was given his money back. When funds get stolen, they can be clawed back (barring issues of institutional willingness to do so).
For everyone whose Bitcoin wallets get stolen, there is no recourse. There is no customer service number to call, no court in which to file suit, and no service agreement over which to sue. Unless you live in some war-torn country where you don't know what government you'll live under tomorrow, putting a good portion of your net worth in an asset so easily stolen (or lost to something as banal as a forgotten encryption key) is a fool's errand.
Disambiguating the above sentiment from another context, we had a huge problem with Indian immigrants becoming victims of home invasions once it became apparent to opportunists that they accumulate and hoard large amounts of gold in their homes.
If you live in a first-world country, playing by third-world rules will pit you against third-world opponents.