A big hurdle to proper analysis is that people are unreliable narrators.
Let's take a person who made it rich betting big on bitcoin early on. Were they a savvy investor who made their own fortune, did they merely think it sounded cool and thought why not while bitcoin prices were so low that snatching them up was super cheap, did they rely on a tip or tips from friends/family, or was it some other reason?
If you come back and ask them years later after they've become worth 10^7 or better, how likely is the person who merely got lucky to admit it was dumb luck in an environment that lionizes the wealthy as self-made superhumans?
Let's take a person who made it rich betting big on bitcoin early on. Were they a savvy investor who made their own fortune, did they merely think it sounded cool and thought why not while bitcoin prices were so low that snatching them up was super cheap, did they rely on a tip or tips from friends/family, or was it some other reason?
If you come back and ask them years later after they've become worth 10^7 or better, how likely is the person who merely got lucky to admit it was dumb luck in an environment that lionizes the wealthy as self-made superhumans?