Nithin Kamath says greed and FOMO are expanding markets
In short
Nithin Kamath said the US market has changed a lot since COVID, with crypto derivatives, ETFs and prediction markets drawing in more people.
He said these speculative assets can bring people into investing, but they can also be risky and very volatile.
What the reporting says
Nithin Kamath said the US market has changed sharply since COVID as crypto derivatives, ETFs and prediction markets attract mainstream participation. He said speculative assets can act as a gateway to investing, while warning that their risks and volatility can harm individuals and society. His comments frame the boom as a force widening market participation and raising caution around speculative trading.
Why it matters
Nithin Kamath said the US market has changed sharply since COVID, with crypto derivatives, ETFs and prediction markets drawing in mainstream participation. He suggested speculative assets may bring new investors into markets, but warned that their volatility and risks can hurt individuals and society. The comments focus on market behavior rather than a specific trade or company.