You're not wrong, but "money" is an easy concept to wrap your head around from a utilitarian standpoint: "It's a marker I can exchange with people because the government says so." Equities are equally so: "my ownership of this stock means I own a fraction of that company." Try that with Bitcoin:

"it's a marker I can exchange with people because there's a vast consensus network that keeps track minute-by-minute who has how much for everyone in the world via unbreakable codes."

That's the stumbling point for cryptocurrency in general. You need to be comfortable with the concept above before you can consider the vagaries of one coin over another. And then of course you look like a damn fool because the fundamental value of these coins depends on their adoption and utility and nearly all of it is locked up in exchanges like some damn non-dividend-paying stock.

78 days ago, I pointed out that the market cap of all cryptocurrencies was a mere $174b.

We're at $816b right now. We're up like 5x in 11 weeks. That represents real, physical money pouring into crypto, pushing it up to shouting distance from Apple's market cap.

If Apple didn't exist yesterday, but did exist today, it would take a lot more than three months for Apple to be worth $900b. So whether or not people understand equities, they have a latent familiarity with their behavior that tempers their enthusiasm.

The crypto market does not provide latent familiarity but a whole bunch of people don't care.