The fervent defenders are either trying to convince others, or mostly themselves, that crypto will be king. Why? Well, they've put their money in it, and if the

The fervent defenders are either trying to convince others, or mostly themselves, that crypto will be king. Why? Well, they've put their money in it, and if they weren't convinced before they should be convinced after that. And since it's a pyramid scheme, they, consciously or not, are trying to convince others to join in that scheme so their own investment grow. Secondly, no one likes to admit they've been foolish, and so far the value of BTC has not made fools of anyone. Well except if some people borrowed to buy at 20K and it stayed around at 2-3K for a long time. And those burned "losers" mostly stay quiet, out of embarassment.