I sincerely feel for the people who got in over their heads.
They were insufferable pricks when they were making loads and laughing at everyone else staying poor. Why would I give them a second thought on the other side? btw: same goes for some tech entrepreneurs too.
Remember: Be Nice to People on Your Way Up. You’ll Meet Them On Your Way Down
Because if enough of them hurt, soon the government wants to bail them out, and you and I pay for that bailout with taxes.
Or perhaps the government forces the platform to absorb the losses, and you and I pay for that with higher fees in the future.
I would be genuinely shocked, and outraged, if the government bails out crypto investors. It has been common knowledge how risky that sector is.
Why should I feel for cryptocurrency "investors" who got in over their heads? If they all end up bankrupt that would be a perfectly acceptable outcome, and a valuable object lesson in the importance of making smart decisions.
You're talking about the general public who for the most part don't own stocks, or when they do, that is treated like gambling (RobinHood).
Then you get big name stars, people they trust, to tell them they should be buying crypto. They see it go up, and then see they don't have to spend more, they can just get more, like BNPL, or payday loan for investments that go up. They say "yes please, how much can I get".
Sure, some people were just a*holes over leveraging themselves and taking a risk. But I suspect many people didn't know how deep they could go, or what they could get themselves into.
Even if you disagree with how somebody got into a situation, doesn't mean you can't have empathy for their position.