[mikeyouse]

There's the difference between investing in the startup (taking shares in a specific company) and investing in crypto though, right? I'd happily encourage my parents or grandparents to invest in an 'index fund' of startups in a bunch of different fields. I can't say the same about an index of crypto companies, and especially not in an index of crypto assets.

[itake]

AFAIK, there is no such thing as an 'index fund' of startups.

But even if there was, purchasing a L1 coin is similar to investing in a wide swath of coins, because if the value of startups build on the coin increase in value, then there will be higher demand of that coin.