I just think the regular person knows the potential of crypto, and it's quite promising than most ventures do. People are actually enthused to be able to own assets not within physical view. The person with a huge amount on a CEX might just be a newbie who just wants to explore and make money without knowing of the risks you've mentioned
I think it helps that mainstream media stopped bashing crypto, as far as I can see it, and that it became a subject of debate in the US elections.
Yeah, that would be one of my options. He might be looking for an easy solution, kind of like ETFs in the US. I don't see most people deep involved into crypto. Only in for the profits.
Well, the profit aspect of crypto has actually done more onboarding, but retention becomes an issue in the bear market
That is true. Mostly a casino mindset, nothing long term.