From the older generations perspective it's all gambling. They worked hard to save up whatever they had and don't want to waste it on moon shots, cause a lot of moonshots don't work. I think they also don't want to admit that all their hard work amounted to the same as a few smart trades.
But even AVA could fall apart. I don't think it well but it could. Bitcoin seems a bit more unlikely....I do still think it may be compromised one day, but not before the end of this cycle
RE: What do your family and friends think about crypto now?