I think Elon from the beginning was doing a social experiment and wanted to show us that most people in this world are like a herd of sheep that can be easily led here and there.
Every time he mentions a meme token, many people flock to FOMO, and predictably the end result is that 90% of them experience losses. But still, those who only get a small hit will continue to do it by making people suddenly rich as their motivation. This is all not much different from gambling.
Only those who are really bankrupt will finally realize it, or those who are really sane from the start do not participate.
Investors will actually only invest in assets that have real uses. While gamblers only follow their lust to get rich quickly without thinking further.