A simple power approach to financial investments and speculation:
Better to commit 10% of your life savings on a speculative investment that can at least 10x, than put money into a medium risk investment.
For example, I believe that chainlink can at least 10X in value, maybe in the course of 10 years. I think Tesla stock can maybe 2X or 3X, but not 10X or even 50X.
Also thinking bitcoin; I believe in the next 30 years it could maybe 1000X. For myself personally, if you were speculating 30 to 40 years into the future, I would rather put my money into bitcoin then a Roth IRA or a 401(k).