You have not been looking hard if you haven't the crypto fawns here.
With China turning against bitcoin (regardless of their motivation), the latter category has even more reason to think cryptocurrency is a lousy way to fleece people for your personal gain. You don't have to be ethical to be against crypto, you can be a scammer yourself and simply be unsatisfied with the quality of the exploit being proposed.
"There is no future in this" is a fine reason to be against a thing even if you have no ethical qualms about exploiting people's foolishness. You have to be able to build a plausible case for why somebody ought to buy into it, and that just got observably harder.