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YOLO Drives FOMO
Devin Ryan, a brokerage analyst and managing director at JMP Securities has attributed the pent-up activity to the phenomenon "fear of missing out," or FOMO, among young investors. "It's all correlated," said the analyst, noting that Millennials, who are eager to get in on gains before the bull market ends, are more versed and interested in crypto and cannabis investments, relative to older generations.
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