Yes, much of the valuations are purely speculative and, as a result, some people end up gaining wealth that doesn't appear 'earned', but this is true of any ver

Yes, much of the valuations are purely speculative and, as a result, some people end up gaining wealth that doesn't appear 'earned', but this is true of any very early investor. There will always be people who say "there was no way you could have known this would become as big as it did" Cryptocurrency is teaching a lot of people about finance, who wouldn't otherwise know nor be allowed to participate. I believe that is overall a net positive, even if some people lose money in the process.