This tweet sums it up pretty well, even if you want to replace crypto with PE: "QE turned your savings account into your checking account, the bond market into

This tweet sums it up pretty well, even if you want to replace crypto with PE: "QE turned your savings account into your checking account, the bond market into your savings account, the equity market into the bond market, the VC market into the equity market, and crypto into the VC market. https://twitter.com/joemccann/status/1181582031790067713 https://twitter.com/joemccann/status/1181582031790067713