I guess I'm one of those suckers, except that so far I've made a 3x return on the small sum I bet, I would say it's a hedge. I’ve been betting on the Iran war since mid February, the reasoning was that if the conflict happened, my payout would offset some of the jump in my cost of living. I could have used traditional financial instruments to buy options or oil futures or gold, but there's more friction there and I already had some crypto.