I'm of the opinion that there can be plenty downside to crypto if one was to really look for all the negativity in this market. Sure, there are some such as high risks and low rewards but when it goes big it will be felt.
yes you are right, if we look for all the negativity about the crypto market, there are many weaknesses, as you say, and I will add a little, namely crypto has an unstable value, is prone to theft or loss, bad investment, money laundering tools