To be fair, a small group of powerful sociopaths did all that. Not an entire generation.

I am using Amethyst client for nostr as I couldn't figure out how to use primals wallet without KYC. How do I RSVP?

which scenario is more likely?

1. the multibillionaire jumps through a bunch of hoops to receive a few extramillion in alt coins?

or

2. the 78 year old multi billionaire doesn't really understand how bitcoin works and is just doing what his cabinet suggests?

I doubt he has been paid off. It's more likely he doesn't know any better. Everyone goes through a shitcoin phase, hopefully he learns like everyone else.