Bitcoin can still be akin to keeping your life savings in the sock drawer. You still have to take steps to keep your holdings safe from a single point of failur

Bitcoin can still be akin to keeping your life savings in the sock drawer. You still have to take steps to keep your holdings safe from a single point of failure and if you do get breached there's no legal recourse. You have nearly full control of your funds via bitcoin, but with that much control comes great responsibility to minimize risk that you normally expect a financial institution to do.