Yes and no... verification of transactions using the block chain with out a centralized server is an actual invention. I think you've got two main problems. First is that many Bitcoin/crypto investors are looking for a return so the more people that get in the higher the price, hence this circle jerk to let everyone know about it. This leads to the major second problem in that anyone can create a new crypto coin or nft, pump and dump schemes arent well regulated when you don't use USDs. I don't think the average investor should expect crypto to be a safe, it's purely speculative and the reality is that the main use of Bitcoin/ETH has been to transfer money in other currencies.