Not sure if its fear, but its clear it start to look like shrodinger cat when it come to know if its utility value, some sort of stock option, or purely speculative like sport betting or poker lol

This lack of clarifucatio non the actual use and more formal framing to set the limit of use etc is going to be detrimental in near future.

As long as it stay in the vague potential of becoming anything, its easy to attract people, but when it will come down to actually laying down all the different case for different actors and regulators, its another story.

But it seem clear for the moment the profits are not made with classic scheme of capital growth throught income based on utility or service.

Only based on pseudo pyramidal scheme / greater fool game, and various even more dangerous scheme rather than anything else.