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A comment on Nearly two-thirds of Gen Z think they’ll become crypto millionaires. Parent comment

Re:Nearly two-thirds of Gen Z think they’ll become crypto mi... by seibelj on Thursday November 25, 2021 @02:26PM (#29344179)
If you could earn anything with a simple savings account, or safe assets like bonds, then the obsession with finding the Next Big Thing in finance wouldn't be anywhere near as popular. But there are no options - it's finding something to gamble on, or lose your wealth to inflation. No one wants to have their life savings inflated away.
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Re:Nearly two-thirds of Gen Z think they’ll become crypto mi... by gkuan on Thursday November 25, 2021 @04:38PM (#29345232)
US I-series savings bonds are yielding 7.1% (and is tax advantaged) which seems to be better than the staking yields of the more reputable PoS coins.
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Re:Nearly two-thirds of Gen Z think they’ll become crypto mi... by UncleMeat on Thursday November 25, 2021 @04:15PM (#29345063)
But there are different kinds of gambling. VTI will almost certainly crush inflation over a period of decades. The weird token that my brother-in-law is buying doesn't have the same risk profile as that.
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