Talk me out of thinking crypto is done - with arguments

This is a fundamentals question, not a rant by someone who lost or sold or something like that. I (still) hold.

Maxis may be swift saying I am stupid or some other violent way of dealing with the questioning. I have seen this with many critical comments and posts before. Or "oh just another crypto-is-dead post" and just shrug it off without actually debating anything. They will be ignored.

But after what happened so far, the most probable course of action will be that IF - at all - there will be a recovery, people will just sell as soon as they're in the profit zone. Or earlier in fear they might be dumped on before. Who is going to actually buy again in realization now that they might just be providing exit liquidity?

Many memes circulated here with essentially people promising to take profits this time should prices go up again.

Then there are all those profit-based investment vehicles which only will realize profits when they sell of course.

Then there are zillions of tokens on a thin layer of investors. Obviously their value is way diluted, and that is showing now. In itself that isn't too bad though, but a well-needed consolidation.

So how can crypto possibly ever actually really be roaring again? On what grounds? I am after some fundamental economic reasons, not just vague cycles or "when people buy again".

It rather feels like the collapse of a tulip mania, and no wishing that your precious tulips were worth millions again made those wishes come true.

Where is the actual fundamental need for crypto which might make it different from tulips?

There is only one I can think of. That's economic mayhem. And the need for alternative ways of currency circulation.

But we are in that already and people flock to gold and silver instead! So that argument doesn't even seem to hold. The store of value argument is questionable at best.

Now gold and silver aren't very liquid and fungible in the sense of easy to transact with. That might be the only way crypto regains appeal. But that is the rather medium of exchange function, where are the odds that it will be adopted?

But even that scenario is dark. Very few people actually use crypto. There's no political power behind it also. Money is and has always been a societal control device by the powerful entity of the time. Minted royal coins, national currencies, fiat. That's why the central banks lost their fear of bitcoin.

So what real scenario can underpin a reviving of crypto?