Ok, I asked the question in a bad way. Let me rephrase this.
If someone breaks into this system, the fact that they have the user's passwords is one of the least of my concerns. I'll be encrypting passwords but in my humble opinion, the other data in the database is way more valuable. Assume that if an internal attacker has that data, they don't care about the passwords.
If nothing else in the database is encrypted and everything else in the database is what an attacker actually wants, did encrypting passwords actually solve anything?