There is literally no better option in terms of holding and protecting your own wealth.

Crypto is the glass cannon of financial security. Yes, you optimize for a single variable...at the cost of everything else.

Crypto is good at resisting computer-based hacking and money printing, but it's far worse than the conventional banking systems at social hacking, physical coercion, or accidental loss.

Basically, nerds love to latch onto crypto because they view it from its interesting technical properties. But they ignore the real risks to money. Banks aren't being hacked left and right to have their funds drained. But social engineering drains accounts every day. The crypto nerds are more comfortable with computers than with people, so they focus on the computer-centered threats than the human ones.