Gen Z are emerging as one of the world’s most meaningful groups of investors today as they are afforded easier and greater access to investing than any other generation before them. They’re also a generation driving some of the investment landscape’s biggest and newest trends.
In particular, fad investments such as meme stocks and coins have risen in popularity in the investment space over the last few years. Meme coins, which started out as a joke, are essentially just cryptocurrency inspired by highly shared images, videos or pieces of text that use humour to represent an idea on the internet.
Additionally, meme coins are most likely an indicator of widespread financial degeneracy, rather than a healthy market, as people would unlikely be able to afford to throw money at what is essentially a “joke” within a normal economic climate. The causal agent for this is most likely loose monetary policy, which has basically made the price of money free with near zero % interest rates. But, as rates climb, we can expect to see many of these meme coins fold and vanish into the abyss.