Young People Priced Out of Housing Go All-In on Crypto Leverage
Soaring housing costs and the collapse of traditional wealth-building pathways are reshaping the overall investment behavior of Generation Z, and this shift is driving rapid growth in the cryptocurrency derivatives market, according to analysis. Speaking at Consensus Hong Kong, David Pakman, Head of Investments at crypto investment firm CoinFund, said that while the average home price for Generation X and baby boomers was about 4.5 times their annual income, the ratio has climbed to roughly 7.5 times for Gen Z. As a result, the traditional middle-class path to wealth accumulation through homeownership has effectively been blocked. In fact, the homeownership rate at age 25 stands at just 13%, whereas more than half of Gen Z investors hold cryptocurrencies.
He added, “In this environment, it is not irrational for Gen Z to invest in high-risk products such as meme coins, perpetual futures, zero-day-to-expiration options, and prediction markets. When long-term wealth accumulation is difficult, low-probability high returns are perceived as a rational alternative to a ‘guaranteed gradual decline.’ The current trading volume of perpetual futures has reached approximately $100 trillion. Prediction markets have also surged from $100 million to $44 billion in trading volume in just three years, with around 80% of that driven by sports betting.”
Disclaimer: This article is for investment reference only and we are not responsible for any investment losses resulting from decisions based on its content. The information provided should be interpreted solely for informational purposes.
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