I don't think it is a bad thing. People are betting on it to succeed. Andreas Antonoupolos once was talking about how the negative media is actually great marketing. The popular story is how crypto will die in x amount of time but pretty much every time it has increased in value. The more people that think crypto is a viable option the better. The more people that recognize just how great crypto is and how much better it can be than the centralized banking the better. That is with or without the money grab. You almost need the money grab for crypto to hit the tipping point or maybe it is blowing up too fast and the banks and government will ruin everything before the true revolutionary cyber punks can see their dreams come true.
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I entirely agree with you. Nonetheless, I find it annoying to see people making quick money without understanding what they are investing in or what the philosophy is behind it all.