I mean for a lot of things it was simply gambling but they could put on the mask of “I’m investing” when it wasn’t to make themselves feel legitimate. For others it was seen as a way to beat the 1% who are in the stock market because coins could do 500% MoM (ignoring it could also decline 5000% in minutes). Just a lot of desperate people looking for a way to make themselves wealthier which is a sad state of affairs