That's maybe what the ego people tell themselves and that's why they have such a big problem to look into Bitcoin again more deeply after the initial dismissal.
But it's a keynesian/communist/technocratic bias - thinking that smart people do smart things and dumb people do dumb things.
The real world is not so deterministic.
The underdogs always have the fighting chance. And that's what's so beautiful about it.
You can never guarantee a win to anyone. But you can guarantee a loss to the guy who chooses to never play.