Yes actually it is, because the analogy is your storing your fiat in your house or in your pocket, which can of course be robbed, have you even insured cash sto

Yes actually it is, because the analogy is your storing your fiat in your house or in your pocket, which can of course be robbed, have you even insured cash stored in your house or pocket, I highly doubt it. Just like fiat you can store your crypto with an insured custody provider (and still own your own keys), which is the norm with smart people who have a decent amount of crypto assets.