I am not an advovate for crypto by any means, but this is false. There are some Wall Street level investors out there.
https://www.forbes.com/sites/michaeldelcastillo/2020/08/06/v...
https://www.forbes.com/sites/michaeldelcastillo/2020/08/06/v...
They don't need to understand anything really except how to deposit 5000+ in a reputable exchange. I think this makes up most successful crypto investors.