Young Generation Lives in ‘Casino Gulag’

On August 20, 2025, journalist and Bitcoin lawyer Max Keizer, who as soon as joked that the US authorities ought to promote states to purchase Bitcoin, referred to the memecoins and Meme sharing tradition by saying: “The” On line casino Gulag “takes over, as 15 years in the past.” This was by far not the primary occasion when he used this time period. What does ‘On line casino Gulag’ imply and who’re the prisoners of this Gulag?

What’s the On line casino -Gulag?

Max Keizer bundles the “On line casino Gulag” time period, generally including that it comes as he predicted just a few years in the past. Evidently Keizer got here up with the time period within the early years 2010.

Though there isn’t a clear definition behind ‘On line casino Gulag’, Van Kesier’s X messages, we are able to get a great understanding of this idea. In one in all his tweets, Keizer claimed:

“The American Gulag -economy is a secret brew constructed by insurance coverage firms which have entry to free cash to construct what are basically focus camps with WiFi.”

In one other tweet, he contour:

“The On line casino Gulag:

• Damaging rates of interest

Let your self be playing on-line within the hope of getting sufficient for a protein tablet and to keep up an electrical for one more 6 hours. “

Often Keizer raises the On line casino Gulag idea when responding to the information from the US and different first world international locations, when a lower within the high quality of youth life or new restrictive initiatives takes place.

Within the messages from Keizer, On line casino Gulag refers to:

• Authorities who strips residents of their freedoms, corresponding to leaving the home in the course of the COVID-19 Quarantine or Privacy violations.
• Millennials and Gen Z can’t afford it housing, journey, Pay accountsand so forth.
• Younger individuals who do sports activities betting or Memecoins act (crypto -tokens with out use case separate from speculative commerce) and meme shares as an alternative of utterly rebuilding riches by issues or labor.
• Folks be derived From actual issues as a result of digital actuality or useless hope to turn into wealthy by various kinds of playing.

In one of many X experiences, Keizer, who’s a child boomer himself, claims that it’s Boomers who left millennials and hemers with nothing however playing within the On line casino -Gulag. Child boomers are certainly the richest technology within the US, Control of more than 50% From households within the nation from 2024.

In one other message, Keizer places ‘On line casino Gulag’ towards ‘Bitcoin Seaside’, and emphasizes that, not like many standard methods to get wealthy rapidly, Bitcoin is an actual probability for the youth. In the identical submit, Keizer signifies his wrap of gold and offers his full choice to Bitcoin.

For Keizer, Bitcoin Seaside will also be a metaphor of El Salvador, as a result of he’s the adviser of President Nayib Bukele and speaks for the Bitcoin-Constructed coverage of El Salvador. Identical to Bukele, Kesier ignores the latest Worldwide Financial Fund Evaluation that has proven that the nation stopped shopping for Bitcoins in March 2025, as a result of the deal between El Salvador and the IMF required this.

Battle of gene z

Nominal wages grew by 78% between 2006 and 2025, but when we take inflation into consideration, we are going to see that the expansion charge is under 12%. The typical tuition charges doubled between 2004 and 2022. The home costs grown With 88% between 2016 and 2025. Pupil debt loans, gorgeous inflation, excessive rates of interest and priceless properties be certain that Gen Z and Millennials are left behind in comparison with Boomers.

Monetary struggles of the American youth are one of many the explanation why folks within the twenties are seen as potential motives of Bitcoin adoption. Most Zoomers do not need pension accounts, however a few of them see Bitcoin as a alternative. In his article for Motley Idiot, Dominic Basulto contour That Zoomers are likely to spend money on extra dangerous property than earlier generations. Whereas with danger activa meant cryptocurrencies in itself, playing on very unstable investments reinforces the claims of Keizer about On line casino Gulag. Greater than that, based on the research Led by the Financial institution of America Institute, Gen Z spends more cash on leisure than on financial savings.

The identical examine means that technology Z would be the richest by 2035, as a result of it is going to steadily possess the property of Boomers whereas they die.

Home at all times wins

As a result of Zoomers are nonetheless removed from the richest residing technology, a few of them search for quick fortunes, as a result of old-school wealth enjoying books will not be working properly for them. Many Zoomers reject The recommendation to economize as a result of they do not see the way it will assist them get wealthy. Monetary nihilism is born the place the system fails. On the identical time, a few of their wealth made by way of lottery funding and crypto suits completely on this picture, particularly very speculative and unstable crypto-like memecoins.

One of many best crypto-curies within the Memecoin-Rage of 2024-2025 was the Solana-based launchpad Pump.Enjoyable, the place customers can launch their memecoins with out data of coding. The platform went dwell in January 2024. Since that second, customers have made a quantity 11.9 million tokens– Often nugatory. The core audience From the platform is youth. 59% of the pump. Enjoyable guests are between 18 and 34. The general public from 35-44 years outdated makes up one other 20%, which implies that playing is often a gene z and millennial.

From January 2025 Less than half of one percent Of all pumps. Enjoyable addresses, $ 10,000 or extra earned by memecoins that have been launched on the platform. The findings of June 2025 show That 60% of customers lose cash by investing in Memecoins. Each second a pockets is misplaced at the very least $ 500, whereas the losses of various wallets are greater than 1,000,000 {dollars}.

With regard to the On line casino -Gulag, it’s truthful to repeat the outdated rule: the home at all times wins. In July Pump.Enjoyable carried out an immensely profitable ICO, or ‘a remaining output pump’, as Alon, one of many Pomp.Enjoyable -Makers, known as it. It solely took 12 minutes to promote all pump tokens. The corporate collected $ 500 million, regardless of the detrimental press launch that preceded the ICO launch. The group begged for airdrops, however the pump. Enjoyable group most well-liked to not donate tokens to activists.

Memecoins launched on pump. Enjoyable are only a vigorous instance of dangerous investments from youth. Different examples are playing on Memecoins corresponding to official Trump and Melania, who weren’t launched lengthy earlier than the inauguration of Donald Trump in 2025. The Melania -Token misplaced most of its worth on the primary day and by no means recovered. The NFT collections entice youth. From 2024, 53% of the NFT homeowners have been lower than 35. NFT purchases suffered enormously within the pockets of traders. In line with some estimates, the mixed losses are within the sector quantity As much as $ 25 trillion. In 2018 it was ICOs who dried out the baggage of traders, with 56.8% to 98% Tasks look like scams.

Outdoors the crypto area, the monetary nihilism of Gen Z expressed act in sports activities betting and irresponsible playing method choices.

Conclusion

Identical to Max Keizer, who distinguishes between Bitcoin and the remainder of the crypto, some younger folks keep on with gathering Bitcoin, whose value appreciates over time. Though these folks don’t gamble with different crypto -tokens, they’re the goal of Bitcoin Treasury firms that use Bullish Bitcoin tales to tempt the crypto group members to purchase their shares. If the efficiency of those firms goes downIt’s time to ask your self in the way in which a kesier if the Bitcoin seashore is actually higher than the on line casino -gulag.

The US greenback deteriorates yr after yr, whereas Bitcoin retains its lengthy -term worth, and that’s the reason many individuals, together with a child boomer, Max Keizer, and a Z Bitcoin influencer Professor B, see Bitcoin as the way out For the generations for whom the American dream grew to become virtually unreachable.