Theory of Overgamblification
My bet on memecoins was always based on this observation, and charts. Wealth inequality, poverty, reckless and corrupt regulators, world is ending... Overgamblification is real. So, here is something else that we may see the effect of that.
Note
In other words, apes are back.Note
I wanna call this "doom investing". I'm sure someone wrote a paper on this. I think this is what shapes the behavior of young people in financial markets nowadays. Doom investing is very close to gambling. Once you understand how close it is to gambling, you can go straight to gambling. At some point you realize you are addicted to the game itself rather than the hope of reward.
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