Bitcoin Sinks After Hackers Steal $65M from Exchange
In the long run, I think this is good for Bitcoin. It&#x27;s supposed to be a decentralized currency. Centralizing Bitcoin in an exchange makes the exchange a big target. This disincentivizes centralization and limits how much centralization can actually happen when people are foolish enough to try.<p>For individuals who lose Bitcoin because of exchanges getting hacked, it&#x27;s because they leave Bitcoin in the exchange. This is antithetical to how Bitcoin is intended to be used. The answer is, <i>don&#x27;t do that</i>. Make cold storage paper wallets and keep your Bitcoin there.