Molly White

Remember when mainstream news outlets published a bunch of incredibly irresponsible articles about how rich people were getting off crypto, and then people bought in and got wrecked over the two years of "crypto winter" that followed?

Anyway here's a WSJ headline I just saw: "Young Men Are Making Risky Bets on Crypto and Politics—and Raking It In Right Now" (gift link)

And an excerpt:

A hypothetical portfolio holding equal amounts of bitcoin, gold, the meme stock GameStop and the sports-betting stock DraftKings returned 62% in the first 11 months of this year. That is more than triple the returns of a traditional portfolio of 60% stocks and 40% bonds, according to an analysis by the financial firm Leuthold Group.

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