It is the same white collar suits pumping up crypto daily on CNBC. That's why I'm skeptical of it, just like people were skeptical of watered stock during the wild west days of finance in the USA.
I wouldn’t be opposed to forcing everyone who wants to buy crypto to sign a letter saying (paraphrased) “I’m an idiot and if I lose everything I deserve it”. I’d rather you let the individual gamble rather than ban all speculation and risky endeavors.
Schwab or Ameritrade won't just let you trade forex and commodities futures, futures options, and stock/etf options unless the application has been reviewed and the investor discloses they know the risk. It should be the same for crypto IMHO.
Every day I'm watching my coworker spend all his "the boss is not around" time looking at the black screen of the Binance charts. It's sick.
Maybe that's not a problem for you.
Only heroin is in the sweet spot of strong kick, immense pain relief and extremely cheap. People take cheap drugs because they're poor, not because they don't want to get their hands on pure colombian coke.