Crypto is 'the future of finance’: Why Gen Z is ditching traditional investments—but with caution

, it can be difficult to not jump in on the trades. "It can be hard with all the FOMO , because you see all these coins taking off," Reichel explains.

But sometimes, it's about more than fun. For many, the rallies of meme stocks like GameStop and AMC symbolized, a desire that stems from a feeling of "a lack of access for the 'little man,'" Kilbride says. Yet despite putting money into "fun" investments, these young investors still aim to be somewhat careful.

"I say the C in AMC stands for community, because I think that's what [the frenzy] is about," Scanlon says. "Post-pandemic, I think there's a sense of loneliness. People are finding community within the stock market, in the Discord servers, in Reddit. People are just craving community because we don't have that in the same way that we used to."

MakeIt Her quote is that it’s cheap and easy to understand…. A currency founded as a joke that she invested in… she’s doomed

joshconditt MakeIt Fuck’s sake - piss off with the shitcoins. Bitcoin only.

MakeIt “Investing” in Dogecoin. Sounds like a plan to me. Let’s see how that works for them.

MakeIt No value. Going to zero

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MakeIt Cuz they think they are geniuses cuz they have google. They literally think Robinhood trading is free cuz they don’t see the fee. Clueless

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MakeIt I think the main reason they are building portfolios of cryptocurrencies and meme stocks is because they lack investing sense or years or decades of investing experience... 🙂

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