I'd say if $AAPL were down 98% from ATH then investors probably shouldn't be running out to buy the next $AAPL. Who's running out to buy the next GameStop? In fact GameStop is only down 90% from ATH so you'd have made out 5X better on a $GME investment at peak than you would have buying $ZEC.

It's like a16z launching a fund to invest in retail video game sales (due to the overwhelming success of $GME) in shopping malls but also run by criminals and utilizing more power than your average country. It's stupid technology.

And for the record, I've no axe to grind, I made a bunch of money in the run-up, and sold all my crypto at BTC$17000. That doesn't mean I think it's at all valuable, or would recommend literally anyone buy any, ever.