Gen Z’s Crypto Craze: When Housing Fails, Memecoins Prevail!

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Finance

What ho, here’s the lowdown:

  • Gen Z, those whippersnappers, are diving into high-risk investments like they’re on a discount at a second-hand shop. CoinFund’s Pakman reckons it’s because traditional wealth-building’s about as accessible as a unicorn with a mortgage.
  • Housing costs? They’ve skyrocketed faster than a wizard’s hat at a broomstick race. For Gen Z, owning a home is about as likely as finding a sober troll on a Tuesday.
  • With traditional options as scarce as a honest politician, Gen Z’s turning to memecoins, perpetual contracts, and other financial shenanigans to strike it rich.

Apparently, this surge in speculation isn’t just reckless-it’s as rational as a wizard’s decision to wear pointy hats. So says CoinFund’s David Pakman, who’s rebranded this behavior as “economic nihilism.” Sounds fancier than “throwing money at the wall and seeing what sticks.”

Pakman’s tale begins with housing. For Gen X and Boomers, a home cost about 4.5 times their annual salary. For Gen Z? Try 7.5 times. That’s like paying for a dragon’s lair with a pocketful of lint.

The result? Only 13% of 25-year-olds own homes, while over half of Gen Z investors are betting on crypto. Because, you know, why save for a house when you can gamble on a memecoin named after a frog?

Pakman argues these high-risk bets aren’t just the result of youthful folly. It’s a strategy, like choosing to ride a swamp dragon instead of a donkey because, well, at least the dragon’s got flair.

“When the traditional paths to wealth are as blocked as a troll under a bridge, a small chance at a big win beats the certainty of slow decline,” he quipped. Deep, eh?

Take crypto perpetual contracts-futures that never expire, like a bad joke at a dwarf’s birthday party. Last year, they saw $100 trillion in notional volume. That’s more zeros than a wizard’s spellbook.

Prediction markets? They’ve exploded from $100 million to $44 billion in three years. And what are they predicting? Mostly sports, because apparently Gen Z cares more about who wins the Quidditch Cup than who’ll be the next ruler of Ankh-Morpork.

Pakman’s solution? Build better tools, he says. “It’s up to us in crypto to make products that are fairer, more transparent, and less likely to leave you feeling like you’ve been mugged by a band of goblins.” Wise words, indeed.

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2026-02-11 21:06