More ponzi schemes and outright fraud and theft. And retail investors (normal people) ripped off for their life savings. The .com bubbles mainly hit professiona

More ponzi schemes and outright fraud and theft. And retail investors (normal people) ripped off for their life savings. The .com bubbles mainly hit professional investors. People lose their jobs when a company goes bust, and the stock market might plunge for a while. But the .com bubble companies mostly at least intended to build something, whereas crypto is just a non-stop train wreck of insider trading and fraud.