Some folks have a lot of difficulties distinguishing between good information and bad information, and they might actually believe the sources of their bad information and believe that their bad information is good information, and so when they actually come across some accurate and informative information about bitcoin, they might skeptically conclude that the good information could not be true since it conflicts with what they believe to be credible sources.
This is a very good point and is definitely overlooked by a lot of people. I think back to 2016 to 2018 period when the Bitconnect Ponzi Scheme was going around. Mainstream people that were misguided thought that buying packages or units in Bitconnect, was actually buying Bitcoin. There was a complete disconnect between what Bitcoin actually was, and what they had invested.
It's also similar to that screenshot which was going around, saying someone thought they had invested in US Bitcoin, when it was just USDC and of course the price wasn't going up at all.