I agree with you on the beginner's luck and also a misunderstanding of money, retail gets access to pretty shocking financial products, so crypto looks like a good bet for them but when you run the math like on these staking platforms you are still losing money over time, short of your timing being perfect, most will lose money

In crypto, I would say Bitcoin would be my primary holding and I'd much rather own equity in an exchange than own any of these coins. Exchanges are going to make money in bull or bear markets so if you want to have exposure all the shitcoining I think that's a better option.

It's a hail mary and I don't blame people for feeling they need a moon shot and buying into the hopium but this will end in tears as has many a frenzy