No, acting as an idiot is the risk. You cant forget the keys to your house. Unless you aren't ready to own one.
Discussion
you can get locksmiths, change the locks, or make new keys. $300 million in wealth held behind one password is crazy if the individual dies, loses their memory, goes into a coma etc.
Holding custody of your #Bitcoin is not simply putting it on a signing device and that's it. That's of course better than keeping it on an exchange. But there is a series of OPSEC that need to be learned , practiced and executed. As much as I have empathy for this guy, such news are an opportunity to raise awareness for better education and better custody to reach proper financial sovereignty.
This is a false equivalency. I love bitcoin, and I love being my own custodian, but it is indeed very risky. It's a conundrum for onboarsing new people. Most normies are going to make these mistakes when getting into the game (hopefully before their stash reaches millions of dollars). They aren't ready for it because it's never been needed with any other assets they've ever owned, including houses.