In my opinion. if bitcoin is a fraud then the financial authorities in each country must ban and ban this currency. however, investors do not feel cheated and the financial authorities in each country also do not prohibit the use of crypto. Crypto prices are largely determined by supply and demand so we cannot control or determine crypto prices.
Its a very good fraud and authorities are stupid. Even with much more obvious frauds they take time, before they act. Kairosplanet is a perfect sample how slow the authorities are.