NFTs. NFTs!
LOL.
Ping!
I prefer red at the roulette wheel.
Fools.
Totally false “survey.” It claims to represent Gen Z adults and millenials. It does not.
The article was written to convince people to get into “crypto”. That advice is very bad advice. It is no better than advising people to buy lottery tickets as a retirement strategy.
Crypto is based entirely on the expectation of future increases, and those expectations are based on the hopes of a continuous stream of new investors, which the article is trying to create.
The problem is that the dollar is constantly losing value because the government is constantly issuing new dollars. People try to avoid getting hurt by the loss of value, and seek stability by other means. Crypto is not going to provide that stability. It’s up to government to stop creating new dollars.
The only risk was that Zimbabwe would have printed a quadrillion dollar bill and made yours an afterthought.
So many also own precious real estates in the virtual world!
I am wondering, when all those imaginary properties and imaginary crypto go down to 0!
You know this article is fake because Gen z and millennials don’t invest.
what do you want to bet that those wise old boomer dogs are the ones betting against the Gen Z pups on crytotrash and NFTs? ... any bets whose gonna win?
I suppose this is true, if they invest 5 million.
What could possibly go wrong with electronic money?
And very few of them even own a house, which show you how ignorant they are about investing…
Yikes. I have a lot of millenial aquaintances and they’re bullish on crypto. I worked in investments (and during the crash of 2009, I even lost big in so-called safe investments when my bonds defaulted... it was a bloodbath that I have yet to recover from.)
It was brutal, and I keep telling the young’ins, crypto is beyond risky. Heck, the stock market in general is risky — but still.
At least I’m introducing a handful to Dave Ramsey. Maybe they’ll wise up.
The value of crypto is that its not Federal Reserve notes which lose value over time (by design).
Thus Federal Reserve notes fail one of the properties of money. A store of value.
Do crypto’s store value better over time. No one knows.
They other value of crypto’s is that they are supposedly private. Thus preventing your wealth from being stolen by the government.
But anything digital can be shut down or tracked. It just a question of how much effort the Government decides to put into it.
The push towards crypto is really a push towards digital money and thus more control, not less.
I guess it’s good they have a couple decades to save.