I have come to accept that Bitcoin should not be viewed in economic terms, it should be viewed in political terms. It is a symbol of an anti-establishment movement. People have always been willing to sacrifice their best interests for a cause they believe in.
Martyrdom for a just cause is not something the faithful fear, it is a virtue to celebrate. That’s why nobody cares about the risk of collapse. But as with all well intentioned movements, parasites with ulterior motives attempt to misdirect passions for personal profit.
The choice for outsiders is whether it’s best to encourage the protest, protect the protesters, or join the parasites.