Personally I liked this analogy because it resonated with me. Exactly as you say FOMO/bandwagonning finally pulled me in and I was able to pass the “gateway” into speculative investing because the barriers to entry/frictions for crypto are lower than traditional solid investments. Anecdotally speaking, I did seek the “high” of smoking some crypto and it has led me down a path where I find myself as a Freetrade private equity investor and someone highly anticipating the app so that I can get into more solid Faang+ stocks/ETFs.
It’s early days to see whether a migration has occurred because we’re in the midst of the renaissance. But what I can say for sure is crypto has had a catalytic effect on my active investing. I was always financially literate, commercially aware and relatively educated, but actually having skin in the game came first with crypto which good lessons have been learnt from. The proportions of the population in crypto may be small but I personally see it as ringing true that a lot of young sub-25 econ/accounting/finance/math students have at least tried crypto themselves before anything else even if it may well yet prove to be a fad.