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Over the past few years, Stocktwits CEO Howard Lindzon has been exploring what he calls the 'Degenerate Economy'—the next phase of investing where the lines between trading, ownership, and gambling blur, and it all happens in the palm of your hand. In this new economy, people are making high-risk moves and embracing a more speculative approach to finance, where digital wallets on your phone hold everything from investments to assets with just a few taps.
But the 'degen economy' is more than just about taking financial risks. It’s a lifestyle shift that includes education, new experiences, and activities centered around digital platforms. Whether it’s learning about markets through meme-driven communities or engaging with novel forms of digital ownership, the 'Degenerate Economy' represents a bold, fast-paced way of interacting with the financial world, where anything can happen and speculation is a form of entertainment. Hundreds of millions of young people are embracing investing, trading, speculation, crypto and gambling/betting via the 13 public companies and bitcoin listed in The Degenerate Economy Index.
Additional Reading:
Runaway Degeneracy (Howard Lindzon - Oct 1, 2024)
When did the 'Degenerate Economy' begin? (Howard Lindzon - July 6, 2024)
An Update on the 'Degenerate Economy' and some rules and advice (Howard Lindzon - June 21, 2024)