I don't know if I can fully agree with your point, but I do agree with the statement that Bitcoin is for "fake rich".
As far as I know most of bitcoin is being held by whales and makes sense - fees are not as valuable for them, you make enormous amount of money and its probably only 1-10% of your portfolio in bitcoin while the other parts are in way lower risk area.
People who invest >50% of their holdings into bitcoin are trying to gamble and get money fast which isn't necessarily will lead to wealth, because at the end of the day its still gambling