In Year 2000, .com stocks were going exponential. Many people, without knowledge of how to read a company financial statement, were buying .com company stocks. Some people (initial investors who cashed out before the bubble burst) did make money. But many people lost a lot of money in .com crash.
Nowadays, Cryptocurrencies (like Bitcoin) are going exponential. Many people want to buy these cryptocurrencies. This is a repeat of .com bubble.
.com companies stock crashed because the companies were not making any profit. So the shares did not have much value.
New cryptocurrencies are springing up almost daily. Cryptocurrencies have no intrinsic value. So, in future, most cryptocurrencies will crash (but some will likely succeed).
Some people (initial investors who cash out before the bubble bursts) will make money. But many people will lose a lot of money in cryptocurrencies.
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