Max Keiser Warns about the âCasino Gulagâ Trapping New Generations
On August 20, 2025, Bitcoin advocate Max Keiser highlighted the growing influence of the âCasino Gulag.â This term describes how young people are trapped in a system where restrictive laws make it hard for them to succeed financially.Gen Z and millennials find themselves burying their heads in high-risk investments like memecoins.
According to Keiser, younger generations didnât get the same opportunities that Baby Boomers had. the boomers got houses at affordable prices and stable jobs, while the youth face high tuition fees and soaring housing costs. With limited options, many turn to gambling or speculating on volatile assets.
- max Keiser believes that Bitcoin offers a genuine escape route for these young investors.
- He claims Bitcoin could counteract the financial struggles associated with the Casino Gulag.
Keiserâs ZooMpars carried massive weight when he said in a post, âAfter Boomers took EVERYTHING, Millennials and GenZ got nothing left but a 24/7 casino-gulag.â
To illustrate his point further, Keiser contrasts the âCasino Gulagâ with what he calls the âBitcoin Beach.â Unlike other rapid-rich schemes like memecoins or meme stocks, Keiser sees Bitcoin as a legitimate solution. However, El Salvadorâs recent experience with Bitcoinâa country where Keiser advises the presidentâshows mixed results.
The term âCasino Gulag,â coined by Keiser in the early 2010s, applies especially when life quality declines for youth or restrictive measures increase. It highlights the governmentâs role in eroding freedoms amid economic hardships, leading people towards virtual distractions and risky gambling pursuits.
