The “bro economy,” including crypto trading and sports betting, is expected to grow. In a recent livestream, Donald Trump urged the U.S. to improve its cryptocurrency ecosystem to keep pace with China, while announcing his new role as “chief crypto advocate” for World Liberty Financial. Meanwhile, platforms like Robinhood have made day-trading easier, with many young investors (typically men) gravitating toward meme stocks—like we saw with GameStop. Sports betting has also skyrocketed since a Supreme Court ruling in 2018 made it legal. Although Trump now supports regulations for cryptocurrency, critics argue this could leave more young Americans vulnerable to scams. Many worry that day-trading, sports betting, and cryptocurrency create a risky financial landscape for young men, who may face substantial losses without proper protections. (The Atlantic)
📈 YPulse reported: The number of young people investing in crypto is on par with the number investing in stocks
