Trump’s Support Amongst Young Men Craters as He Tanks Their Robinhood Accounts

In an economy they perceive to be rigged against them, many Gen Z men now see crypto and stocks to be the best way to get ahead. Just over four in ten men aged 18 to 29 have traded crypto, and they are by far the greatest adopters of any demographic group. Young men are also flocking to risky options and margin trading on investing apps like Robinhood, where the average age of users is 32.

In the wake of Trump’s election, Trump and Musk’s promised riches seemed to be materializing. Bitcoin quickly catapulted over 50 percent to above $100,000. The S&P 500 and Nasdaq’s bull runs accelerated. Stocks favored by young male investors rocketed. Palantir tripled over three months. Tesla nearly doubled. Reddit doubled. Robinhood soared by 160 percent.

The mooning of these high-flying assets persisted through mid-February. At the time, a J.L. Partners poll commissioned by the Trump-friendly Daily Mail showed Trump’s support amongst young men to be positively stratospheric: 65 percent approved of the job he was doing. 

But then, like an exploding SpaceX Starship, it all came crashing down. Over the next two weeks, Elon Musk’s wanton and ravenous cuts into the federal workforce started to really bite, and it became painfully apparent that Trump’s chaotic, idiotic obsession with tariffs was rapidly eroding consumer, business, and investor sentiment. Consumer spending unexpectedly fell, manufacturing activity stagnated while prices rose, and the stock market plummeted as Trump and Melania’s meme coins rocked the crypto markets.

Since February 19th, the S&P 500 has fallen about 10 percent, almost to correction territory. The Nasdaq has slid 13 percent. More saliently for young men, Bitcoin has fallen nearly 25 percent from its high this year. Palantir is down 33 percent, Robinhood 40 percent, Reddit 45 percent, and Tesla 50 percent. In the wake of the election, young men rode these speculative and overpriced assets to ebullient highs, but such assets tend to fall hardest in bear market recessions, which the Trump/Musk administration appears to be driving the U.S. toward at ludicrous speed. 

It’s possible that young men have looked at their Robinhood and Coinbase accounts and have reassessed their deal with Trump. In the latest J.L. Partners poll conducted last week, Trump’s support amongst young men collapsed. While Trump’s overall approval fell five points, his approval amongst 18- to 29-year-old men cratered by 19 points.

This is just one poll, of course, and polls are noisy. But it’s a stark – albeit early – sign that young men’s collective fling with Donald Trump could end up short-lived.