It’s responsible to store fiat in banks, not as cash under a mattress. Do you think eventually using private wallets will be seen as too risky?

Serious question — do you think crypto’s eventual path to normalization and wide adoption will be that bigger entities like banks (and of course CEX) will be the best long-term storage place?

I get that decentralization is the entire point of crypto. But I also think it’s likely that it won’t be used by non-enthusiasts until it’s totally turn-key and managed for them. Maybe the benefit of crypto will be that both are supported: an easy way to work with money for those who don't need the risk or have the know-how, and DeFi for those who want to take the time.

Any thoughts on where this is heading and whether crypto will be any different in this regard?