It's worse than that.

Every dollar taken out of crypto is at the expense of someone else. Those coiners trying to change $1->$2 are heavily incentivized to lie, manipulate, and convince the naive in the public to put their $1 in.

You could say this is everything with a public market, but with stocks or bonds you also have a legally binding contract to organizational assets that have value. Buybacks, issuing new units, dividends, etc. provide other avenues for cash injection to get your $2 out.

BTC doesn't even have the bare minimum regulation to prevent bad actors from exploiting the public, which is why it's worse since the public only sees coiners trying to whitewash an inefficient database.