Recently, I came across a research study and discovered a rather heartbreaking fact: those young people in the U.S. are rushing into the crypto world, but they are not true believers in technology.
To put it simply, it's being forced by reality.
💔 First, let's look at the data — houses are killing this generation's hope.
From 1984 to 2022, the ratio of housing prices to income skyrocketed. What is the situation now? You receive a fixed salary every month, watching the housing prices soar, and even with all the calculations, you still can't afford a house.
This kind of despair can change a person. The report refers to this as the "disheartened renter"—since they can't afford to buy, they might as well stop thinking about it.
🎲 Thus, cryptocurrency has become their "American Dream 2.0".
The most magical thing is that group of people whose net worth is between 50,000 and 300,000 dollars. Too poor? Can't afford the down payment. Too rich? Not qualified for subsidies yet. Stuck in the middle, in a dilemma.
What do they do? They stop saving money—because saving money is meaningless. They turn around and go all in on high-volatility assets, risking their lives for a chance to turn things around. This is not madness; it's a desperate measure.
🌍 And this isn't just happening in the United States.
In South Korea, the "Three Throws Generation" (throwing away love, marriage, and having children), and in Japan, the "Satori Generation" (completely lying flat and not pursuing material things), are all flocking to the crypto market.
What's even more amazing is that the report also mentions the current trend of "Quiet Quitting" (slacking off at work). Young people are starting to feel that working hard is no longer important.
When "working hard to get rich" becomes a joke, taking a gamble instead becomes the most rational choice. It sounds absurd, but this is reality.
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RektCoaster
· 3h ago
Haha, that's amazing. Rather than sitting by and waiting for doom, it's better to take a gamble. Reality leaves no choice.
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SundayDegen
· 9h ago
Oh dear, this is our current situation, desperate enough that going all in has become the only choice.
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Ramen_Until_Rich
· 9h ago
This is not gambling, it's a forced rational choice.
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Saving money? Laughable, it's better to go all in for a wave.
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In the end, it's the system that pushes people into the crypto world, we can't blame the young.
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South Korea and Japan are like this, it seems that young people worldwide are playing the same game.
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Working hard to get rich is already outdated, now it's all about who can withstand Fluctuation.
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Being stuck in the middle is the worst, unable to buy a house and hoping for a turnaround, it's reasonable.
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Slacking off at work and going all in on encryption, this is the survival method of the new era.
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Rather than letting dead money be eaten by inflation, it's better to take a gamble.
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Young Americans entering the crypto world are not doing it out of faith, it's because they can't survive.
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Despair changes people, that sentence hit hard.
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RetailTherapist
· 9h ago
It's really ridiculous, saving money has become a joke. Instead of slowly dying, it's better to go all in and take a gamble.
Recently, I came across a research study and discovered a rather heartbreaking fact: those young people in the U.S. are rushing into the crypto world, but they are not true believers in technology.
To put it simply, it's being forced by reality.
💔 First, let's look at the data — houses are killing this generation's hope.
From 1984 to 2022, the ratio of housing prices to income skyrocketed. What is the situation now? You receive a fixed salary every month, watching the housing prices soar, and even with all the calculations, you still can't afford a house.
This kind of despair can change a person. The report refers to this as the "disheartened renter"—since they can't afford to buy, they might as well stop thinking about it.
🎲 Thus, cryptocurrency has become their "American Dream 2.0".
The most magical thing is that group of people whose net worth is between 50,000 and 300,000 dollars. Too poor? Can't afford the down payment. Too rich? Not qualified for subsidies yet. Stuck in the middle, in a dilemma.
What do they do? They stop saving money—because saving money is meaningless. They turn around and go all in on high-volatility assets, risking their lives for a chance to turn things around. This is not madness; it's a desperate measure.
🌍 And this isn't just happening in the United States.
In South Korea, the "Three Throws Generation" (throwing away love, marriage, and having children), and in Japan, the "Satori Generation" (completely lying flat and not pursuing material things), are all flocking to the crypto market.
What's even more amazing is that the report also mentions the current trend of "Quiet Quitting" (slacking off at work). Young people are starting to feel that working hard is no longer important.
When "working hard to get rich" becomes a joke, taking a gamble instead becomes the most rational choice. It sounds absurd, but this is reality.