The U.S. military has seen a surge in investment interest, with technology stocks and Crypto Assets being the main investment directions.

BlockBeats news, on December 2, a strong investment culture is sweeping through the U.S. military. From tech stocks to crypto assets, military camps are becoming a unique “investment club.” Reports indicate that this trend is significantly changing the financial situation of servicemen. The parking lots of military bases are increasingly filled with Porsches and Hummers, and social media influencers in military uniforms are teaching their followers the ways to get rich. However, this phenomenon is also accompanied by significant market risks, as some servicemen adopt high leverage and concentrated holdings strategies, raising concerns about their financial situations in the event of a market reversal. The article showcases several cases that illustrate the high risks of military investments. The story of Coast Guard petty officer Bryson Saunders is quite representative. He got on board after hearing his comrades brag about making money on DOGE, and subsequently invested in Bitcoin and Meme stocks like GameStop, stating, “I was trying to punch my ticket.” Navy Major Zach Rodriguez, while cruising the Pacific on an aircraft carrier, was influenced by his peers to invest half of his family savings (over $100,000) into crypto assets like Chainlink. He experienced asset surges and also suffered a painful loss of $250,000 due to crypto fraud. Today, he claims to be an investor who believes in “bitcoin and chill,” holding around $1 million worth of Bitcoin and related company assets. The article analyzes IRS data and finds that the U.S. military played a significant role in the crypto asset market cycle from 2020 to 2021. The data shows that in 2021, among the top 25 U.S. zip codes with the highest proportion of individual income tax filings reporting crypto asset receipts or disposals, 11 were located around military bases. The filing participation rate for some military bases is more than four times the national average in the U.S. (Wall Street News)