The team at forward guidance delve into the ""K" shaped recovery, where sectors of the market and society struggle while at the same time some industries and groups of people flourish (generally those with assets). They assert that young people in the know have worked this out and are piling into crypto as opposed to more traditional assets such as gold so that they don't get left behind with the rest those stuck on the descending part of the "K". They argue that those into crypto believe that there is a short window of opportunity for them to pile into this asset class in order to break out of the "cage" they find themselves in.
I share those thoughts, though I also believe that it's important to mainly have exposure to stocks and property because of the long history of steady gains and the security that those 2 markets offer when compared to other assets. Some would chuck bonds into that mix as well.
From 33:57: