Well, they're pretty comparable in many parts of the world (and I despise cryptocurrency, btw). Despite what you might think, the current US administration is far from the worst compared to what some of us live under. Americans simply lack a proper "zero point" to be able to properly gauge this.
I place exactly zero trust in what our administration says, because they've lied about the country's economic situation and what they're planning to do about it four times during my lifetime, and several more times during our parents' lifetimes. Our savings were cut in half (or more) several times because of this, and so much of it was lost, the total amount of time wasted working for effectively free is in the decades now.
There's really no reliable way of saving money long-term here, unless you scrounge enough to buy real estate or something else that is unlikely to be devalued to 30% of its original value with a stroke of a pen.
I can imagine why some people would resort to cryptocurrency and extracting money out of the country asap.
These are all good points. Like others here, I will preemptively state my dislike of the political classes.
Perhaps if financial regulations were not so onerous, traditional payment processors like PayPal would be able to handle more types of transactions with a lower overhead. As it is, the large number of prohibited categories creates a demand for cryptocurrency. As you noted, inflationary monetary policy is another source of discontent. Perhaps if central bankers had exercised a bit more restraint, there would be less demand for cryptocurrency. The same can be said for capital controls and more...
So there is a bit of irony when posters appeal for even heavier regulations and prohibitions. These are the forces which have created demand for wholly unregulated markets. It shouldn't be hard to see how these overreaches have created a counterbalancing force. Tragically, these overreaches generate a safe-haven for additional bad actors.