Young Americans Bet on Cheap, Risky Crypto Assets in Search of Financial Hope
- Financial nihilism driving young Americans to take big risks on altcoins for potential gains
- Cost of living and lack of upward mobility making $500 memecoin bet appealing
- Traders chasing cheaper crypto assets based solely on relative valuation
- Airdrops rewarding traders with free tokens worth thousands of dollars
- Investors expect higher prices despite not trusting crypto asset class