The WallStreet Bets, NFT and Crypto ecosystem is very niche. It's also very self-reinforcing because the internet made these people find their counterpart.
The reality for most people is still very much different. I'd say zero-interest rates and negative interest rates had more of an effect on people than crypto or risky stock bets. The system was kinda getting by until western politicians went over-board during the Pandemic and started printing money like crazy because MMT and also the elite convinced them that they had enough productive capacity; so the money will not trigger inflation but trigger this productive capacity...
We know how that turned out, and now the Fed/Politicians are turning to the reality of inflation. Inflation is real, and inflation is consequence to your actions. Financial nihilism (at large) is very short-lived. Reality will catch up to you. It doesn't mean it doesn't exist (elsewhere). Many nihilistic countries are having their currencies blow up even before the pandemic and more so now.
The reality for most people is still very much different. I'd say zero-interest rates and negative interest rates had more of an effect on people than crypto or risky stock bets. The system was kinda getting by until western politicians went over-board during the Pandemic and started printing money like crazy because MMT and also the elite convinced them that they had enough productive capacity; so the money will not trigger inflation but trigger this productive capacity...
We know how that turned out, and now the Fed/Politicians are turning to the reality of inflation. Inflation is real, and inflation is consequence to your actions. Financial nihilism (at large) is very short-lived. Reality will catch up to you. It doesn't mean it doesn't exist (elsewhere). Many nihilistic countries are having their currencies blow up even before the pandemic and more so now.