The latter. The brightest or weirdest people got in early. The richest get in after them and buy from them. The donkeys will be last and the richest will feed it back to them in a way that makes them even richer.
Yeah, this I buy.
There may be some re-distribution of wealth to smart & technologically oriented people who do not have much money, but my guess is that most of the profits seen so far benefit mainly already wealthy people.
Barring the crazies who got in when BTC was under a dollar, smile.