Initiative Q: pyramid scheme or next Bitcoin?

Why people persist with "next" whatever. It should be clear by now that this king makes whatever. I feel it is a decent investment strategy - next bitcoin, next Telsa, Tesla killer - etc. Buy Bitcoin, Buy Tesla.

There has been at least 10,000 "Next Bitcoin" projects and Bitcoin remains #1

By some derivation of Betteridge's Law of Headlines, the answer is "pyramid scheme".