Indeed it does.
https://i.imgur.com/eZsccK7.png
I also agree that most of the projects/coins are garbage and people will get burned, yes those FB investor groups, etc are utterly ridiculous. Of course that will end in tears.
However, part of the point is that anyone can make anything - there will always be scammers, trash etc as a result. There are no gatekeepers, it's decentralised.
Type "bitcoin institutions" into Google and check out some of the results. Focus more on that than honing in on the 16 year old kid down the road who just made more than you've done in 10 years on the stock market. The wealthiest and one of the smartest people on the planet convinces his board to invest $1.5B in BTC and you’re complaining about kids on Facebook?
I don't really care what you do or think, but I will continue to point out the misinformation being posted around here.