There's a point of view out there that crypto has been beneficial in that it has somewhat de-risked finance, by taking a good chunk of the speculative / get-ric

There's a point of view out there that crypto has been beneficial in that it has somewhat de-risked finance, by taking a good chunk of the speculative / get-rich-quick / frat bro transactions out of real money and giving those types imaginary money to play with instead. Seems mostly plausible to me, though of course a bit simplistic, and occasionally wrong, when more traditional institutions and funds pile in and their losses create more systemic issues. Thankfully, they seem to be mostly over crypto for a while now--at least, that's my read?