So what if it's a desperate and stupid move?
The whole point of this space was no permission and no censorship. If everyone wants a piece of the pie without knowing what it's made of, let them have it.
The crypto space taken as a whole does resemble the dot com bubble. And now, like then, everyone knows that something new and amazing is coming with the potential to change the world and they want in. Desperately.
Most .com companies were worthless.
Most cyrptocurrencies are worthless.
The boom phase may just be something that we have to go through now like we went through it back then and the tech did end up changing the world.