GameStop, AMC, Roaring Kitty Is the Poster Child for Meme-Obsessed Generation T – Bloomberg

The surge in trading by bored retail investors working from home during lockdowns may have sparked the meme stock and crypto pile-ons, but it’s been accompanied by an underlying shift in the style of personal portfolio trading. Insane volatility has had the reverse effect on Gen-Z and Millennials by encouraging them to take bigger risks, rather than fleeing from price swings like their parents. The younger gang favors more active trading in smaller sizes and across a wider set of products. Bitcoin’s price more than doubling since October is just the latest fuel driving younger investors. Back off boomers: Gen-T is doing things its own way.

Source: GameStop, AMC, Roaring Kitty Is the Poster Child for Meme-Obsessed Generation T – Bloomberg