Why are young people around the world flocking to the cryptocurrency space?
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At 44, Zhao Changpeng, founder of Binance, became the new 'richest Chinese' and one of the 'top ten richest people in the world' in just four years.
Li Xiaolai, an English teacher at New Oriental, turned 100,000 bitcoins into 13.5 billion in cash, realizing his dream of overnight wealth.
Guo Hongcai, known as 'Master Bao', transitioned from selling beef to becoming a bitcoin angel investor, challenging the financial elite in suits while wearing T-shirts and flip-flops, achieving a turnaround overnight!
Erik Finman, a 17-year-old high school dropout, took the $1,000 his grandmother gave him and invested in bitcoin. Today, he has a nine-figure net worth and is a key investor in a Silicon Valley cryptocurrency startup.
Liang Xi used a 1,000 yuan high-risk strategy to make a single trade, earning nearly 40 million yuan in a surge, thus becoming an overnight sensation in the crypto space. And so on...
These myths of getting rich quickly in the cryptocurrency space attract waves of young people to enter. They firmly believe that an investment of tens of thousands of yuan can yield at least 1,000 times the return, with young people from around the world pouring into the crypto space, some staying up all night monitoring the markets under the temptation of high profits!
In India, 75 million young people have started buying cryptocurrencies—programmers and university students passionately discussing market trends more than they do about women at night.
In the United States, 28 million people are participating, including high school students, Silicon Valley residents, and Wall Street professionals; this is no longer just a small circle.
The entire cryptocurrency market now has 560 million participants, half of whom are young people aged 18–34, especially in Asia, where the momentum is strongest.
However, most people entering are just paying tuition.
From this scale, it no longer seems like a simple 'speculation craze'; it may be a serious rewriting of the wealth landscape.
In the past, many said 'trading cryptocurrencies is speculation for a few', but given the current spread, it increasingly appears to be a new game created by the younger generation themselves. How this game will unfold and who will come out on top is something we will all watch closely. Currently, our country maintains a strict regulatory and clear prohibition stance towards virtual currencies. Investment carries risks, and caution is advised when entering the market. I remind all young people not to be blinded by the myths of sudden wealth; most who enter and play in the wrong direction are just paying tuition, leaving the market alone!
