retail is gambling more than ever. just not on crypto

retail is trading more stocks, commodities and options since covid and it's not slowing down

why? middle classes feel the walls closing in. AI is coming for their jobs. trading feels like the only way out

the good news is: this is great if you're building gambling/speculative products

the bad news: they are not touching crypto. btc is flat for 12 months. eth underperformed the s&p. meanwhile options volume on robinhood is up 40%

crypto is competing with draftkings, robinhood options, and sports betting apps. and right now, it's losing.

https://x.com/macromate8/status/2014748563188982234?s=46&t=hr2fbvcHJGpvp_SbDstdzg