Oh yeah baby! Here's my top 5 reasons...
5. Crypto bros deserve a punch in the face. If you don't feel that way, it's probably because you're a crypto bro. The world is secretly (or not) cheering for this to all burn to the ground because it's easy to perceive people who promote crypto as obnoxious swindlers. Really, they are. Sorry, if this isn't a good reason, but I'll just spill those feelings out right there before making some more reasoned arguments...
4. Crypto not useful in a real way. Speculative investing, money laundering, hiding wealth, pyramid schemes. I'm a tech guy and I have no idea how I would go about acquiring crypto currency then using it to pay for something tangible of real value without eating an exorbitant amount of fees and taking my chances moving stable fiat currency in to a highly volatile asset. I know here are exceptions, but let's be real, crypto in 2022 is about creating shady financial tooling.
3. Crypto's externalized costs make it expensive to society while providing little benefit. Graphics card shortages, energy usage and global warming, brain drain from other real tech problems, aiding and abetting criminal activities like money laundering. What are the benefits that make up for any of that?
2. People losing savings sucks, but the longer crypto insanity goes on the worse that's going to be. Taking a statistical view, unsophisticated investors almost certainly will be taken advantage of in unregulated markets. The longer this insanity goes on the worse that's going to get. End it now and fewer real people with real savings are going to get hurt.
... and the real reason we should all be excited about...
1. I used to be excited about blockchain technologies. I think there are some really great uses for them. But then speculative investing in crypto became a craze and that kind of swamped out everything else interesting. If speculative investing becomes no longer feasible, hopefully we can start to get some focus on some of the more interesting and beneficial applications.