The vast majority of the people in crypto are "Kwon Artists," looking to book some gainz from whatever bagholder they can find. I feel bad for the normie grandparents who saw something on CNBC and bought in, but not for the crypto shills and grifters who lost their shirts in this.
In a "true free market", a vast majority of people would get eaten up because they have no idea how to use their own brains and judgement to evaluate things.