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You hit the nail on the head… does the article mean ‘crypto’ or does it mean… bitcoin? Crypto could mean some little known memecoin that pumps… or it could mean multi-decade Bitcoin savings.
Which one? who knows. so many of these finance ‘articles’ put a big orange B on the front cover illustration but they don’t actually clarify what the ‘crypto’ is that they’re referring to.
‘Crypto‘ to financial publications also refers to ‘stablecoins’ which they mention constantly… but what does that have to do with ‘risky bets’ if it’s so risky why is the US embracing stablecoins???
I suspect it's not about bitcoin if they're also seeing gambling as a reasonable income strategy.
Did you try highlighting text from the original post and selecting quote reply from the drop down?
I think what they might be missing too is how quickly things can change.
If a major real estate or stock market crash hits, those who have been patiently saving up cash could have a great opportunity to buy into assets at a cheap price so they can build wealth.
To be fair, if I were a young person struggling to make ends meet, I don't know if I'd be able to think that way. Especially when history teaches us that the current regime is willing to monetize every crisis.
That sucks. Too bad they don't see the potential of hodling.
edit: btw, @sox quote reply wasn't working for me. Maybe that's related to the new editor.