There are also those who think that this feature is actually positive, because insurance is still insurance, no matter how stupid and risky it seems in this case. On this forum, we can write "not your keys, not your coins" to the point of unconsciousness, but the average investor in Bitcoin has not gone beyond what every bank offers him in his thinking.
You open an account, get a bank card and PIN, and any damage caused by hacking/theft of the card will be compensated by the bank - just as savings deposits in banks (at least in most of the EU) are insured up to EUR 100 000.
Change is slow and takes time. If people have never had a negative experience with a bank, they wouldn't have a reason to want something different. The self-custody aspect of bitcoin isn't a big concern too many holders. Sadly, it only becomes so after a big disappointment, and then it's often too late. But there are positive signs. Less and less people are holding their crypto on exchanges. You open an account, get a bank card and PIN, and any damage caused by hacking/theft of the card will be compensated by the bank - just as savings deposits in banks (at least in most of the EU) are insured up to EUR 100 000.
It's easier to expect the change to come from people and whole regions where they are constantly experiencing difficulties to bank normally. The EU and the Western nations aren't necessarily on that list.
