The most recent run seemed to start about the same time as GME - presumably people decided to hedge their bets. Maybe they sold GME at the peak and put it into

The most recent run seemed to start about the same time as GME - presumably people decided to hedge their bets. Maybe they sold GME at the peak and put it into things like BTC, coupled with a lot of new money trying to recover their losses from GME Musk tweeted about it on Feb 8th which pushed it up, and then news stories of it hitting 50k, and now 1T, keeps the money coming in. Stocks are massively overvalued, wouldn't surprise me if people are diversifying too.