The problem with crypto is that it requires people to have fiscal responsibility, a skill that less than 10% of Americans posses by design. With Bitcoin creating these insane 4 year pump/dump cycles people need to learn how to cost-average buy/sell, play it safe, and take enough gains during the mega bubble to not only last them 4 years, but actually have the self discipline to save the money and not impulse buy everything they want in the moment. It's a big ask.
This is why fiat currency and wage-slavery have been so popular for so long. People are so bad with money that these systems, while exploitive, keep their horrible money management practices in check while providing a stable/steady income.
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