Isn't it fully explained by most of the money being from speculators whose thesis is "if crypto goes big these will be worth more!"? If you add up the net wort

Isn't it fully explained by most of the money being from speculators whose thesis is "if crypto goes big these will be worth more!"? If you add up the net worth of all the people who deeply understand how each coin works, you don't get anywhere near $500 billion.