Like angel investments in the Bay Area, when you add social and experiential value to other asset classes like stocks, sneakers, and cryptocurrencies, price is divorced from hard math and becomes more emotional.
investing has changed for younger generations who see it less as a way to grow savings (there are none) and more as a lottery-ticket with entertainment value (reads: memes)
think this is mostly a result of lower affordability (esp homeownership) across the board which makes it more interesting to punt risk assets___LINE... See more