For young people especially, the investment opportunities are an absolute bore. It makes a lot more sense to take big risks when you are young, and by implemen

For young people especially, the investment opportunities are an absolute bore. It makes a lot more sense to take big risks when you are young, and by implementing the 'qualified investor' requirements, many young people will never have a chance to invest in the exact companies which interest them the most. A 25 year old who loses a $10K investment in Myspace, or Digg can easily bounce back. It's well worth the chance of investing early in a company like Snapchat or Facebook which could give them a shot at a 10-100X return. There's a reason so many people poured money into Bitcoin and crypto. Most of the projects are pointless, but young people have very little interest in earning 5-10% in stocks, since they don't have a ton of capital to invest.