Drew Austin, an entrepreneur and investor, has made significant investments in cryptocurrencies and NFTs, including digital pipes, digital sports cards, and digital art. He said he was “substantially hit by liquidity” when cryptocurrency prices fell in May. But he’s not cashing because he thinks these new assets are in the future. Still, volatility can be stressful. Unlike the stock market, these new markets are never closed.

“I have a night to sleep, and please God China don’t ruin this,” he said in louder words. “Open 24/7. It never stops. “

Bitcoin Unstable Month – Decreased about 65% in May, after recovering Lower this week – This has not shaken the enthusiasm of investors. Research According to The Ascent, a financial services rating site, Gen Z investors view cryptocurrencies as slightly less risky than individual stocks.

However, they learn that a single tweet can cause significant price fluctuations. In February and March, when Elon Musk and his company Tesla embraced Bitcoin, its price soared. Prices fell when Mr Musk tweeted in May that Tesla would not accept Bitcoin payments due to concerns about its environmental impact.

It jumped out again this week when Mr Musk suggested on Twitter that Tesla would accept Bitcoin again someday. (In his tweet Dogecoin promoted, A cryptocurrency based on Shiba Inu memes. )

The persistent desire for risky bets has fueled companies like Robin Hood that allow their clients to trade stocks, options, and cryptocurrencies. In January, Robin Hood’s role in the even stock exchange put him in hot water. With Congress, state regulators and their clients.

Attention only accelerated Robin Hood’s growth. In the first three months of 2021, revenue has more than tripled compared to the same period last year. Publish In the coming months.