I want to install Kali to do some privilege escalation practice, but I can't run x64 VMs in VirtualBox on my shiny new MBP. And I don't feel like dealing with any possible limitations in the ARM distro of Kali - at least not on a lazy Sunday morning.
VirtualBox has no Apple Silicon support yet.
Use UTM https://getutm.app
UTM was super simple to get rolling, and the performance is more than adequate for what I am doing. $10 well-spent.
Performance was pretty terrible, so I'm running the ARM64 version now. SO FREAKING FAST.