Generation Z’s nihilism toward the collapsing economic system has helped spark a $100 trillion crypto derivatives boom. CoinFund managing partner David Pakman says rising housing costs have made home ownership unattainable for many Gen Z, fueling financial nihilism.
With traditional options scarce, Gen Z is opting for high-risk bets to accumulate wealth, including perpetual contracts, meme coins, and other leveraged instruments. Pakman argues that the surge in speculative bets across sectors and with leverage is not reckless but rational in this environment.
The broader risk-reward calculus reflects a shift in how younger investors are approaching wealth creation amid tightening macro conditions. As the crypto market matures, regulators and market participants will closely watch how this dynamic affects liquidity and volatility, alongside questions of investor protection.
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