It's impossible to generalise and be fully accurate on these things... but I do think that many Asian cryptocurrency investors have been too hyped about this whole situation.
My justification for this is that the price in South Korea (and to a lesser extent, Japan) is at a significant premium to Western prices. Because arbitrage is difficult, the markets are wild and the investors there begin to deviate from the Western trends.
This could imply that the prices are more speculative/a gamble, because the fundamentals of Bitcoin have not justified those prices throughout most of the recent rallies.
Agree on that. From my perspective, Asian investors are tend to stay calm in panic times compared to Western investors. Westers are more panic when the market is active.