I entered the crypto space in 2015, relatively early, experienced many projects, and participated in many communities, so I would like to share my thoughts briefly.
Once, BTC was a very geeky circle, and because it was niche, it was very exclusive. Even now, many people still admire that group and regard them as divine beings. Of course, it's the mentality of worshipping the strong because they hold a large amount of BTC and possess amazing wealth.
So their wealth comes from their exclusive little circle? Of course not, they play by themselves, Bitcoin is still worthless now, they are still a bunch of losers.