Isn’t this related to financial nihilism where normal people can’t invest or earn enough to grow money for basic life costs like housing and college with standard investments or jobs. They need a moonshot, hence gambling has become normalized. It isn’t even about the White House or crypto per se, it’s a desperate embrace of risk to catch up.

It's the same with everything speculative, including polymarket, spaceX , tesla etc. Where previous generations inflated physical goods values (and real estate), the new ones are inflating digital air.

The phrase “financial nihilism” is explicitly mentioned and discussed in the article.

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