The link for the second article may contain some kernels of truth.
For example, seeing the crypto-curriences as a scam, a hustle.
But that is not novel.
What is novel, somewhat, is to view investment markets, securities industry, as regulated, safe for "widows ans orphans".
The first head of the SEC was Joe Kennedy Sr. a power mad guy.
Since then, it has progressively gotten worse.
That attitude leads to careless investing.
Cryptos are probably at the core on the current Ponzi environment.
But not the cause.
The cause is the derivative industry "Swaps".
The problem with swaps (and all of fractional reserve Banking)
is that the "Collateral" might (and often) is pledged multiple times.
So the first time the Swap trade doesn't work out, the collateral gets called.
And what happens if there are more swaps behind it also calling the same collateral?
It is legendary in startup biotechs.
Total shares outstanding plus shares shorted is more than authorized float.
This kind of hustle used to be called
counterfeiting.
But now it's managed by a Goldman guy with an MBA from Wharton or Harvard,
so now it's called
economic expansion.
Looking into my crystal ball (or TA chart), I see explosions ahead.
