Charles HudsonFounder and Managing Partner, Precursor Ventures

From Crypto to Sports Betting: How We Stopped Believing in Patience

26 Jul 2026 · 1 min

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Charles Hudson reflects on a decade-long cultural shift in which speculative activities—beginning with cryptocurrency, then expanding to sports betting and prediction markets—have become a prominent part of everyday social life. He argues that this rise coincides with a broader devaluation of patience and long‑term thinking, framing the belief that "long‑termism is for suckers" as a damaging new social norm. While he criticizes this short‑term mindset, Hudson also acknowledges the generational forces that have shaped it, noting that the world younger people grew up in has fostered a preference for immediate gains over delayed rewards.

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In the last 10 years, gambling and speculation, I'd argue starting with crypto, but you could go crypto to sports betting to prediction markets. It's just become a bigger part of social life. Yeah. And I think investing in patience is about getting more later by giving up something now. And I think part of this is just a change in social values and social interest and the feeling that long-termism is for suckers. That's the old playbook and it doesn't work anymore. And if you're still following it, you're a sucker. And I think that's like a very damaging social value cuz there are lots of things that take time to, but I also understand the impetus for the people who feel that way given the world that they grew up in.