The one qualm I have with this line of thinking is that: 1) Buying crypto is optional, and 2) It is a mainstream view now that crypto is extremely volatile, a r

The one qualm I have with this line of thinking is that: 1) Buying crypto is optional, and 2) It is a mainstream view now that crypto is extremely volatile, a risky investment, and yes, even a "ponzi scheme". Given all this, and assuming adults are free to accept their own risk tolerance, what is the problem? If these are the assumptions, there is none. The problem comes from the belief that there is some limit to acceptable risk tolerance for the general public, beyond which it is so risky as to be definitely detrimental to the public's finances. I claim that there are many riskier stocks already than the mainstream crypto. Outright fraudulent crypto are also already illegal under current securities law. Is it really just the concept of a tokenized, distributed public ledger (re: blockchain) that rubs people the wrong way?