{"id":551773,"date":"2022-07-20T13:23:19","date_gmt":"2022-07-20T13:23:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/20\/never-mind-the-crypto-crash-risky-investment-is-young-investors-go-to-mind-reading-chips-are-here\/"},"modified":"2022-07-20T13:23:19","modified_gmt":"2022-07-20T13:23:19","slug":"never-mind-the-crypto-crash-risky-investment-is-young-investors-go-to-mind-reading-chips-are-here","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/20\/never-mind-the-crypto-crash-risky-investment-is-young-investors-go-to-mind-reading-chips-are-here\/","title":{"rendered":"Never mind the crypto crash \u2014 risky investment is young investors\u2019 go-to + Mind-reading chips are here"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Lottery-like investing behavior is the youths\u2019 preferred flavor:<\/strong> Speculative financial products \u2014 like crypto, NFTs and meme stocks \u2014 are growing more popular among younger generation of investors, as the promise of big payouts becomes more lucrative than the (now fading) idea of financial stability, the <a href=\"https:\/\/www.ft.com\/content\/bce2ef2a-77d8-485e-ba69-92579f8fceb6\">Financial Times<\/a> reports. The current global financial backdrop \u2014 marked by soaring housing prices, stagnant wages and rising inflation \u2014 have discouraged DIY traders in the under-40 age bracket from taking traditional investment routes that offer little return on investment, pushing more and more people towards riskier, more anti-establishment investments that seem to operate on their own sets of rules. \u201cThe idea that the mainstream economy is trustworthy, more so than these other [assets], is kind of dubious in recent experience,\u201d a professor of social and cultural analysis at NYU tells the salmon-colored paper.<\/p>\n<p><strong>Young investors don\u2019t mind the risk \u2014 even though crypto just went through a crash:<\/strong> Rising debt levels and lower levels of returns have fundamentally changed people\u2019s relationships with risk, experts say. Young investors are now more likely to treat speculative assets as lottery tickets, the FT says, approaching them with the notion that while they could be worthless, the gamble could pay off. \u201cA lot of people view it like they can\u2019t afford not to,\u201d one young investor says. \u201cI think they\u2019re running out of hope.\u201d<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Mind-reading chips have officially arrived:<\/strong> Brain-computer interface startup <a href=\"https:\/\/synchron.com\/\">Synchron<\/a><a href=\"https:\/\/synchron.com\/\"><\/a>implanted its first device into the brain of an ALS patient in New York earlier this month, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-07-18\/brain-computer-interface-company-implants-new-type-of-device#xj4y7vzkg\">Bloomberg<\/a> reported. This is the first US clinical trial of a brain implant that can help severely paralyzed patients communicate by using their thoughts to send texts and emails. The 1.5-inch device has already been implanted in four people in Australia, who have since been able to send WhatsApp messages and shop online \u2014 with no reported side effects so far. Synchron has now overtaken <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/63bd1b87-612f-4a0a-881b-ac17db14ec03\">Elon Musk\u2019s Neuralink<\/a>, which is yet to receive FDA approval (Synchron got the regulatory greenlight to begin human trials in July 2021). Neuralink is a neural interface technology that Musk plans to embed in brains to enhance human intelligence in an increasingly AI-driven world.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lottery-like investing behavior is the youths\u2019 preferred flavor: Speculative financial products \u2014 like crypto, NFTs and meme stocks \u2014 are growing more popular among younger generation of investors, as the promise of big payouts becomes more lucrative than the (now fading) idea of financial stability, the Financial Times reports. The current global financial backdrop \u2014 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":551774,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[344,633,638,125,2849,649,639],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-551773","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-cryptocurrency","tag-enterprisepm","tag-for-your-commute","tag-investment-watch","tag-meme-stocks","tag-nfts","tag-technology","wpautop","entry"],"acf":{"mongo_id":"b46f25eb-eddd-4b54-8b5e-24b3bbbd4546","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/7\/395.jpg","photo_position":"above","related_issue":[551769],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Never mind the crypto crash \u2014 risky investment is young investors\u2019 go-to + Mind-reading chips are here - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/20\/never-mind-the-crypto-crash-risky-investment-is-young-investors-go-to-mind-reading-chips-are-here\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Never mind the crypto crash \u2014 risky investment is young investors\u2019 go-to + Mind-reading chips are here\" \/>\n<meta property=\"og:description\" content=\"Lottery-like investing behavior is the youths\u2019 preferred flavor: Speculative financial products \u2014 like crypto, NFTs and meme stocks \u2014 are growing more popular among younger generation of investors, as the promise of big payouts becomes more lucrative than the (now fading) idea of financial stability, the Financial Times reports. The current global financial backdrop \u2014 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/20\/never-mind-the-crypto-crash-risky-investment-is-young-investors-go-to-mind-reading-chips-are-here\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-20T13:23:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/7\/395.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/20\/never-mind-the-crypto-crash-risky-investment-is-young-investors-go-to-mind-reading-chips-are-here\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/20\/never-mind-the-crypto-crash-risky-investment-is-young-investors-go-to-mind-reading-chips-are-here\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Never mind the crypto crash \u2014 risky investment is young investors\u2019 go-to + Mind-reading chips are here\",\"datePublished\":\"2022-07-20T13:23:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/20\/never-mind-the-crypto-crash-risky-investment-is-young-investors-go-to-mind-reading-chips-are-here\/\"},\"wordCount\":375,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/20\/never-mind-the-crypto-crash-risky-investment-is-young-investors-go-to-mind-reading-chips-are-here\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/7\/395.jpg?fit=%2C&ssl=1\",\"keywords\":[\"cryptocurrency\",\"EnterprisePM\",\"FOR YOUR COMMUTE\",\"investment watch\",\"meme stocks\",\"NFTs\",\"technology\"],\"articleSection\":[\"FOR YOUR COMMUTE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/20\/never-mind-the-crypto-crash-risky-investment-is-young-investors-go-to-mind-reading-chips-are-here\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/20\/never-mind-the-crypto-crash-risky-investment-is-young-investors-go-to-mind-reading-chips-are-here\/\",\"name\":\"Never mind the crypto crash \u2014 risky investment is young investors\u2019 go-to + Mind-reading chips are here - 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Musk relayed his decision on Saturday \u2014 the day he was due to be appointed, Twitter\u2026","rel":"","context":"In &quot;FOR YOUR COMMUTE&quot;","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":550692,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/17\/carbon-linked-crypto-tokens-may-do-more-harm-than-good-jack-dorseys-nft-of-his-first-tweet-has-lost-almost-all-of-its-value\/","url_meta":{"origin":551773,"position":1},"title":"Carbon-linked crypto tokens may do more harm than good + Jack Dorsey\u2019s NFT of his first Tweet has lost almost all of its value","author":"enterpriseam admin","date":"17 April 2022","format":false,"excerpt":"With no regulations in sight, carbon-linked crypto tokens may do more harm than good: Crypto enthusiasts have attempted to bring the green revolution to the crypto market, converting carbon offset credits into digital tokens and selling them, the Financial Times, citing carbon analysts. These carbon-linked cryptos have soared from USD\u2026","rel":"","context":"In &quot;FOR YOUR COMMUTE&quot;","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/490.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553335,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/02\/how-risky-is-your-investment-strategy\/","url_meta":{"origin":551773,"position":2},"title":"How risky is your investment strategy?","author":"enterpriseam admin","date":"2 September 2022","format":false,"excerpt":"There\u2019s no such thing as a guaranteed investment \u2014 but some are a whole lot riskier than others. The rise of crypto and meme stocks in recent years has seen self-proclaimed investment gurus take to social media to promise endless riches to retail traders willing to take big risks \u2014\u2026","rel":"","context":"In &quot;RISKY BUSINESS&quot;","block_context":{"text":"RISKY BUSINESS","link":"https:\/\/enterpriseam.com\/egypt\/category\/risky-business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/440.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":554639,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/01\/how-much-would-you-have-risked-to-get-the-squid-game-jackpot\/","url_meta":{"origin":551773,"position":3},"title":"How much would you have risked to get the Squid Game jackpot?","author":"enterpriseam admin","date":"1 November 2021","format":false,"excerpt":"Squid Game can (not) make you rich: New cryptocurrency Squid Game (ticker: SQUID) surged uncontrollably to hit a peak of USD 2.9k this morning, up more than 300k times its value of USD 0.01 on Tuesday and putting its fully diluted market cap at a staggering USD 2.3 tn \u2014\u2026","rel":"","context":"In &quot;CRYPTO&quot;","block_context":{"text":"CRYPTO","link":"https:\/\/enterpriseam.com\/egypt\/category\/crypto\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/32.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":552122,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/14\/the-meme-stocks-are-kind-of-back-serious-droughts-are-unearthing-lost-archaeology\/","url_meta":{"origin":551773,"position":4},"title":"The meme-stocks are (kind of) back + Serious droughts are unearthing lost archaeology","author":"enterpriseam admin","date":"14 August 2022","format":false,"excerpt":"Return of the meme-stock investors? Retail investors in the US have been showing new signs of life after largely keeping their heads down during this year\u2019s stock selloff, driving sizable gains in some meme-stocks, the Wall Street Journalreports. Individual investors had purchased a net USD 1.35 bn a day of\u2026","rel":"","context":"In &quot;FOR YOUR COMMUTE&quot;","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/532.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545610,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/05\/usd-1-bn-ipo-in-the-works-for-aramco-subsidiary-the-uk-wants-in-on-nfts\/","url_meta":{"origin":551773,"position":5},"title":"USD 1 bn IPO in the works for Aramco subsidiary + the UK wants in on NFTs","author":"enterpriseam admin","date":"5 April 2022","format":false,"excerpt":"Yet another Gulf IPO? Saudi Aramco subsidiary Luberef is looking to make its Tadawul debut in an IPO that could raise over USD 1 bn, Bloombergreports citing people familiar with the matter. The company reportedly plans to sell a 30% stake currently owned by Jadwa Investment and has tapped the\u2026","rel":"","context":"In &quot;PLANET FINANCE&quot;","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/551773","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=551773"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/551773\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/551769"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/551774"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=551773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=551773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=551773"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=551773"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=551773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}