True, and our jobs don't provide us financial security, so I understand investments.

I owned crypto until 2017. It'll always be volatile, and you might make some money, but be very careful and diversify. Crypto's value derives from recruiting investors - the more investors, the higher the value.

When the Federal Reserve began upholding the global economy through dollar liquidity swaps in 2020, it predicted investors would make risky bets (the Fed pumped funds into the markets in 2008 & likely never stopped, but during Covid, it pumped a lot more). The Fed knew its actions would create bubbles, but doing nothing would have been worse. It will use monetary policies to correct the markets, but it has no jurisdiction over Bitcoin. Whatever happens in the crypto markets - happens.

Musk promoted Bitcoin and Dogecoin to drive the uptake of crypto as financial firms scrambled to find a place to make money, and people listened. Ordinary people like you and me (unless you're a multi-millionaire) invested in cryptos and increased its value. When markets calmed down, financial firms withdrew from cryptos, and their value fell. Musk and many wealthy people made money off the new investors because it's that easy to manipulate the market.