Bit鼠宝
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Why Are Young People in the West Not Keen on Trading Cryptocurrencies?
1️⃣ Institutional Environment: Social Welfare Support
① Unemployment Relief
🔹 In places like Europe, Japan, and Canada, unemployment insurance, housing subsidies, and social safety nets are well-established. If the middle class falls, at least they won't hit rock bottom.
🔹 Middle-aged unemployment? They can comfortably apply for government assistance, and there are even vocational training programs, without needing to gamble their fate in the crypto world.
② No Pressure from Healthcare and Education
🔹 The healthcare system covers everyone, and basic medical care doesn't cost a lot; education is also highly subsidized.
2️⃣ Cultural Psychology: Risk Aversion vs. Impulsive Risk-Taking
① Social Cognition: Venture Capital is for a Few 'Professional Madmen'
🔹 Western mainstream culture emphasizes a stable life; engaging in venture capital is seen as the domain of professionals and financial institutions.
② Life Attitude: Enjoying the Present, Taking It Slow
🔹 Young people prefer to travel, take a gap year, ski, and go on road trips rather than losing money in crypto and suffering from anxiety.
🔹 When blood pressure rises, they buy a bottle of red wine to calm down and continue soaking up the sun tomorrow.
3️⃣ Comparison with China: Dual Pressure of Class Anxiety + Survival Anxiety
① The Window for Class Ascension is Rapidly Closing
🔹 In the past 20 years, the wealth leap period of 'housing prices + stock market' has basically ended, and new upward channels are extremely narrow;
🔹 The result? Many middle-class reserves and urban youth cannot find legal and fast paths to wealth and have turned to cryptocurrency as a form of 'digital gambling'.
② No Social Safety Net, Only Personal Responsibility
🔹 Unemployed? No assistance, only mortgage payments demanding collection.
🔹 This survival anxiety acts like a burning whip, driving people to constantly seek 'quick opportunities', even knowing the gamble is extremely dangerous.
③ Chinese-style Chives Philosophy
🔹 In other countries, cryptocurrencies are alternative investments; in China, they have become the last fantasy of class ascension.
🔹 The world's most diligent miners, most professional air coin operators, and most persistent high-stakes gamblers are mostly found in Chinese-speaking communities, for the reason: if you don’t gamble, you wait to die; if you gamble, perhaps there’s a way out. Westerners trade cryptocurrencies out of interest, while Chinese people gamble with their lives.
1️⃣ Institutional Environment: Social Welfare Support
① Unemployment Relief
🔹 In places like Europe, Japan, and Canada, unemployment insurance, housing subsidies, and social safety nets are well-established. If the middle class falls, at least they won't hit rock bottom.
🔹 Middle-aged unemployment? They can comfortably apply for government assistance, and there are even vocational training programs, without needing to gamble their fate in the crypto world.
② No Pressure from Healthcare and Education
🔹 The healthcare system covers everyone, and basic medical care doesn't cost a lot; education is also highly subsidized.
2️⃣ Cultural Psychology: Risk Aversion vs. Impulsive Risk-Taking
① Social Cognition: Venture Capital is for a Few 'Professional Madmen'
🔹 Western mainstream culture emphasizes a stable life; engaging in venture capital is seen as the domain of professionals and financial institutions.
② Life Attitude: Enjoying the Present, Taking It Slow
🔹 Young people prefer to travel, take a gap year, ski, and go on road trips rather than losing money in crypto and suffering from anxiety.
🔹 When blood pressure rises, they buy a bottle of red wine to calm down and continue soaking up the sun tomorrow.
3️⃣ Comparison with China: Dual Pressure of Class Anxiety + Survival Anxiety
① The Window for Class Ascension is Rapidly Closing
🔹 In the past 20 years, the wealth leap period of 'housing prices + stock market' has basically ended, and new upward channels are extremely narrow;
🔹 The result? Many middle-class reserves and urban youth cannot find legal and fast paths to wealth and have turned to cryptocurrency as a form of 'digital gambling'.
② No Social Safety Net, Only Personal Responsibility
🔹 Unemployed? No assistance, only mortgage payments demanding collection.
🔹 This survival anxiety acts like a burning whip, driving people to constantly seek 'quick opportunities', even knowing the gamble is extremely dangerous.
③ Chinese-style Chives Philosophy
🔹 In other countries, cryptocurrencies are alternative investments; in China, they have become the last fantasy of class ascension.
🔹 The world's most diligent miners, most professional air coin operators, and most persistent high-stakes gamblers are mostly found in Chinese-speaking communities, for the reason: if you don’t gamble, you wait to die; if you gamble, perhaps there’s a way out. Westerners trade cryptocurrencies out of interest, while Chinese people gamble with their lives.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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