Not sure why this is being downvoted. Before the pandemic, the Fed tried to wipe out the crypto space by raising interest rates... Then when they realized that

Not sure why this is being downvoted. Before the pandemic, the Fed tried to wipe out the crypto space by raising interest rates... Then when they realized that their policies were threatening to take out the entire stock market instead, they decided to suddenly drop interest rates back to 0. It seems like the Fed was trying to find a sweet spot of interest rates which would wipe out all speculative investments but would allow non-speculative investments to stay afloat... They simply didn't anticipate that stocks might be more speculative than crypto.