I don’t understand your argument. Wall street was designed so that you and i could own actual shares in companies. Companies which produce goods and/or services. What is the backing value of bitcoin other than others possibly wanting bitcoin? What backs it other than demand?
I have owned crypto. I have made a lot of money off crypto. But to think it is safer than traditional investing i think is a bit naive. It’s, so far, a supposed solution looking for a problem.