No it didn't.
Bitcoin lost you 75% YTD, potentially exposed you to FTX-style insolvencies or Binance-style jurisdictional blockages, made it possible to lose your wallet or have it hacked, etc.
The only thing to blame here is the brutal regime. A regime which could easily take away all of your bitcoin, regardless of where it lives, with the mere application of a metal pipe to your limbs or forehead.
Until crypto faces heavy regulation and gains better rails for the recovery of losses, it will remain a poor instrument for the average person.
Every single government.
If you have a business that interfaces with crypto and the citizens of any country, then you have obligations to comply with each jurisdiction's rules.
Crypto has been shown time and time again to have rough edges. I would expect every government to eventually evolve protective legislation, mostly to safeguard the non-institutional class from being taken advantage of.
- only trust businesses with exactly as little of their money as needed (definitely don't store all their savings on Binance),
- if the amount is big, only deal with business registered in a jurisdiction that does recognize crypto.