I agree with your point on Bitcoin and Indians are into crypto not because of Bitcoin they are here to make money fast. They think that crypto is the only option available after the share market to multiply their investment fast.
All these people are mislead by group of amateur youtubers who claim themselves as tech gurus but they don't have any technical knowledge just read some articles and advice people to invest and trade which is why we have lots of trading apps in India which are not really trading app but kind of gambling with futures.