Of course they can , they also can make their national currency based on blockchain or other modifications and it would be greate. Paper money should be extinct .
People still believe in crypto alt just looking for an opportunities to get money. I think that it's okay that people still buying bitcoins and doesn't matter what reason.
Working hard probably means working smart . You can't work hard without knowledge how to work so ware are talking about the same thing with different names.
China is really prowerful and they are have the most good economy every. Probably it's was good plan and they now have almost everything to become the strongest country.
It's true that people used to panic after dump and they are contributing even bigger dump after selling. At my opinion only with experience possible to teach them about it.