It feels like we’re seeing more and more speculation, day trading, and general “degen” behavior (whether or not it involves crypto). And it looks like this is being driven by a jobs market that is getting tougher and tougher.

“Speculation society” or “casino culture” comes from the fear that hard work alone won’t get you ahead. Some chase the elusive 1,000x coin, others upskill and look for new opportunities, while a few keep stacking value slowly and methodically.