America is undergoing a full-on mental health crisis, and a lot of people are turning to AI therapists. It’s now common to criticize AI therapists—shouldn’t we be helping people see actual humans , people argue? Well, yes. But the thing is: healthcare is pretty broken, and access to care is gated.

16) Betting on everything goes mainstream. We see a new unicorn minted around the financialization of everything.

A common theme that we write about in Digital Native is “the financialization of everything.” See: r/WallStreetBets, GameStop saga, Bored ApeYacht Club, and so on.

It stuns me that ~50% of people under 30 say that Mangione was justified in that murder. (The best take on this: An Astonishing Level of Dehumanization, from Peter Wehner in the The Atlantic .)

In 2025, everything gets financialized. Sports betting is on a tear, particularly with new sweepstakes models that circumvent regulations in states like California. Crypto is also having a comeback. And event contracts in prediction markets are going mainstream. I’m “long” the financialization of everything—the trend combines new Gen Z behaviors... See more