Young Americans see Meme as a new path to achieving economic independence, but scholars warn to pay attention to risks

Odaily Daily News: As traditional ways of accumulating wealth become increasingly difficult, more and more young Americans see Meme as an alternative to achieving economic independence and financial freedom. These cryptocurrencies based on internet culture and popular trends, despite their high volatility and risk, are still seen by some as a possible path to the 'American Dream'. Joe McCann, founder of Asymmetric hedge fund, pointed out that some Generation Z have turned to cryptocurrency investment due to "financial nihilism". They are more inclined to invest a few hundred dollars in Meme Coin rather than traditional 401 (k) retirement accounts. But financial scholar David Krause warns investors to understand the actual use and technical foundation of tokens and avoid blindly following trends. (Washington Post)