Another angle is that U.S. spot etf's are also eating into the supply of BTC on exchanges, as institutional investors may prefer custody of their BTC's in etf's, rather than on exchanges.
This is what I attribute the news to. I don't see Joe Sixpack as having changed his habits significantly. CEXs are still the most convenient for on/off ramping and convenience will always win.
The intense pressure for KYC in CEXs has contributed to this reduction in liquidity for exchanges.
I really don't see this as a significant factor. In the bubble of the BitcoinTalk community it may be easy to say this has affect, because this community tends to value privacy, but the general public don't put nearly as much stock in privacy as we do. The conditioning of years of using banks makes it seem absolutely normal, even when dealing with cryptocurrency. Despite bitcoin's original intent to decentralize currency and make it private, most people don't care about those aspects of it. They just care about the alure of it as an investment.
A day will come when the pursuit of privacy will become a means of survival.
Yes, I believe that as well. However, like every zombie movie, the majority fall within the first few weeks because they trust the system. Financial privacy will essentially have an equal ratio of survivors to zombies.
Everything is going according to what Satoshi proposed, more and more people will practice P2P and use never-KYC services...
I think we're still far from that. It's going to take a huge financial collapse before the majority realize that the current system is rigged against them. Not until it's too late will the learn their mistake, and adjust accordingly.
