>"He added that stocks, which represent pieces of real businesses and claims to their profits, are a far superior investment."

The line between some internet company stock and certain crypto projects is beginning to blur:

Many no longer have a physical store or office.

Both employ skilled devs producing code.

Both have a spectrum of success (including some outright frauds)

Both aspire to become profitable and produce value for share/token-holders.

To claim that one is worthwhile while the other isn't seems to indicate a misunderstanding of the governance tokens and the ownership that those provide.