Honestly, crypto might just be a measure of excess liquidity in the financial system. If people could get their guaranteed 7% returns in bonds, that might suffi

Honestly, crypto might just be a measure of excess liquidity in the financial system. If people could get their guaranteed 7% returns in bonds, that might suffice for enough folks. Central banking policy has vacuumed up the safe asset classes during quantitative easing, pushing investors to riskier asset classes for returns. QT will change that and the market is responding appropriately.