I think it’s easy to reach this conclusion as an outsider looking in. If you are on Twitter for example, all you see is people repeating the bitcoin mantras over and over. To an outsider looking in it must look like “bitcoin people” are insane. Maybe there’s an element of “toxicity” or maybe not, but I bet we look to them as shitcoiners look to us. You just look at that and think “fken idiots…”
With little information about the thing, looking at a passionate base of people all seemingly obsessed with one thing does make it look like a cult or a religion. Of course, I doubt they gave 2 seconds thought to the actual definition of a religion or a cult, but that’s beside the point.