Why are people reluctant to embrace cryptocurrency?

I think at some point we all didn't believe in the concept of cryptocurrency or at the very least had our doubts. So, I wanted to of course explore some of the reasons as to why people show disinterest or skepticism towards the adoption or investment into cryptocurrency.

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Bitcoin

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1- Not understanding the cryptocurrency system: A lot of people in general don't even know what cryptocurrency is, especially a lot of the Moonfarmers in the subreddit as of late. I, myself, was not familiar with cryptocurrency and had only heard about Bitcoin until last month. Even until recently, I made some pretty embarrassing comments now that I can look back on them with much more knowledge and understanding. Even some of the more seasoned people tend to not really care for the tech but are rather here as an investment and to gain profits. (lol)

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2- Government misinformation: I think that some governments strictly oppose cryptocurrency because of a few shady reasons. First, the members of the government are just straight up dinosaurs with no understanding of the concept. Second, the members of the governments might actually know the concept of cryptocurrency but are trying to push people away from it in order to take some of their freedoms away. Cryptocurrency offers financial freedom for some, and governments don't like it whenever people are financially independent, and they can't get a piece of the pie or banks are being left out. You can't really freeze someone's assets if their money is stored in crypto. Third, the members of the governments themselves are trying to accumulate as much cryptocurrency as they can before people catch on so that they can have the majority of the financial power under their grasp.

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3- Scams: Cryptocurrency tends to have a lot of scams and we have articles posted daily on this subreddit of people losing thousands to millions of dollars' worth of crypto to scams. I understand that this might cause people to be skeptical of the security of crypto. They might feel that it's better to keep their money in banks where it might be insured by the FDIC. However, a lot of these scams are the result of people not taking proper steps to secure their assets or are gullible enough to fall for the phishing links that tend to follow people that are into crypto. While accidents do happen, it is up to us to make sure that the exchanges we are using are the actual ones and not scam links being pushed through Google ads or sent to us through Reddit DMs.

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4- Influencers & Shitcoins: Distrust of influencers is valid. You have countless stories of influencers pushing shitcoins only for people to be rugpulled. Shitcoins aren't there for people to make money, it's only there for the creators to make money. Whenever the average person sees that they can buy a million shitcoins for $100 without basic understanding of various types of cryptos only to get rugpulled, they'll start to feel that all of crypto is a scam because they lost all their money. Even worse if somebody close to them suggested a shitcoin, tensions would definitely get high.

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5- NFTs: Whenever people see that someone has paid thousands of dollars for a picture of a monkey, of course they're going to be like "WTF is this?" While I do agree that buying a picture for thousands of dollars might not be the smartest crypto investment, I get why people do it. Owning something that is absolutely unique to the buyer is something any investor would want. I might even buy an NFT myself in the future, thought probably something cheap around $20 just so I can say that it's mine. It might not make me any money or hold its value in the long run, but it would be something unique to me and me only. However, to the average person, they won't understand the concept of owning an image or music online with its own code.

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6- Tangibility: I feel like this is the most important reason as to why people are reluctant to adopt cryptocurrency, and that's because they can't touch it. They can't physically touch it like cash, debit cards, credit cards, gold, diamonds, real estate, etc. It's not something that can be experienced with any of the five senses in a tangible form. All of it is digital which might give the impression that it is fake money or money that is artificially generated with no value since it isn't backed by the gold standard or something similar.

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7- Volatility: Prices go up and down in the crypto market all the time, whether it's up 420% or down 69%. The instability of prices can at times push away potential investors, even those who might be dipping their hands into the stock market at times (my stocks portfolio is loss porn). However, they might not realize that Bitcoin can be directly correlated to the stock market at times. On top of that, the majority of other cryptos are directly linked to Bitcoin. (ETH, AVAX, XRP, ADA, etc)

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There might be other reasons. Let me know down below what other reasons you think could contribute to the reluctancy to embrace cryptocurrency or what I might have missed on one of the points.