I don't know about Picoscope, but if the beta software for Mac is the only problem, then install Ubuntu, or openSUSE, or maybe Windows, whatever you prefer, as a virtual machine (created with VirtualBox, or maybe with WMware, both free and both doing the same thing, don't know which one would be better for Mac).
Then, install and run the Picoscope software inside the Linux virtual machine you have just created.
Another advantage for using a virtual machine is that you can isolate the VM from Internet, so no risk for broken software caused by unwanted updates. Virtual machines can also be moved or duplicated on a different computer even with a different OS, offers snapshots for the case you want to mess with the VM OS, etc.
VMs are the best choice for something that is needed to just run, today or in 10 years from now, without messing with updates and without messing your current Mac install. Unless you run them, VMs are just files. When you run a VM, you have simultaneously your Mac and the VM running in the same time, as you would have two totally different PCs connected at the same display. And you can make as many VMs as you need.
You can try virtual machine before ordering the hardware, and see if it feats your needs.
Later Edit:
I was told neither VMware or VirtualBox work on M1 Mac.