"It started just over a year ago. I noticed an ad that was endorsed by two well-known celebrities showing you could earn more money than you could earn in a bank,"

I think we should punish these ads & its associated companies for not indicating that there is risk in investing cryptos. These ads are really powerful, and are made to trap people. If we don't invest, there is fear that we may be left out and social media makes us feel guilty when we hear the success stories. Many people are gullible, and this is one more reason why ads are generally stupid.

I wonder why people think that they can easily earn money out of thin air. May be these influencers & ads are the primary reason? May be we human make irrational decision when we see other people are earning too much wealth on cryptos/stocks? Yes, combination of luck & logic sometimes favor people, and they become successful. But as with everything in this world, people must also realize that 20% people controls maximum wealth.