Crypto is not collapsing though, all crypto loans are fully collateralised on chain & a bank run is not possible in the same sense
It's fine to have a theory, but it's kind of silly when the theory is so easily disproven by where people are willing to put their money.
But even if you can keep your holdings forever, they won't be worth anything if there isn't a market for them. All it takes is enough people freaking out and dumping their investments to make yours worthless too. You'll still own everything you bought but it could be worth zero.
Every speculative asset ever
If the VC backed token projects all fail, the gambling sites shut down, and the only way to trade it for real money is to swap cash in person (this is also how it started), it’s still important like Tor, strong encryption, open source.
The business case for crypto is an interesting aside, as it was/is for Linux, PGP, etc. The long run human and social case for the underlying tech (ignoring what happens to be flavour of the month for scammers) is what’s interesting.