Besides goods and services, cheap Federal Reserve money and near-zero interest rates also caused inflation in a wide range of asset and speculative prices
That bubble is being deflated.
CRYPTO Rock
Artist: Apologies to Chubby Checker
Every CRYPTO boy and girl
All around the CRYPTO world
Gonna do the CRYPTO rock
All around the CRYPTO clock
Jack be CRYPTO, Jack be quick
Jack go unda CRYPTO stick
All around the CRYPTO clock
Hey, let’s do the CRYPTO rock
CRYPTO lower now
CRYPTO lower now
How low can you go?
First you spread your CRYPTO feet
Then you move to CRYPTO beat
CRYPTO ankoCRYPTOneee,
Bend back like a CRYPTO tree
Jack be CRYPTO, Jack be quick
Jack go unda CRYPTO stick
All around the CRYPTO clock
Hey, let’s do the CRYPTO rock
Get yourself a CRYPTO girl
Give that chick a CRYPTO whirl
There’s a CRYPTO moon above
You will fall in CRYPTO love
Jack be CRYPTO, Jack be quick
Jack go unda CRYPTO stick
All around the CRYPTO clock
Hey, let’s do the CRYPTO rock
Don’t move that CRYPTO bar
You’ll be a CRYPTO star
How low can you go?
(whistle for the rest of the song)
Oh good grief. That isn't a sound asset to safeguard your depositor's funds entrusted to you.