Bias is an interesting phenomena, we often hear "if somethings too good to be true then it probably isn't". People follow the blind trust instead of thinking for themselves, see this is why "fact checkers" exist. They take advantage of the fact that people are willing to outsource their brain and let someone else think for them because it takes time to research a complex topic and understand it.

I guess that's the problem with crypto, it's so great that people who know it almost act as if they where in a cult or something. And this is obviously taken as a big warning sign from normies who don't know how it works.

Then there's the scammers who make shitcoin forks which is essentially just another fractional reserve scheme and trick people into investing into something centralized, only to then run away wit the money. Those certainly won't help the cause.