https://www.yardeni.com/pub/peacockfedecbassets.pdf
I'll be the first to admit that this crypto boom has been favorable to my finances. But easy money always makes me concerned about what comes next after the good times roll in.
Maybe it's crypto’s time, and the people who have HODL’ed are reaping the benefits. But I am a pragmatist, and I know nothing good comes without bad and vice versa.
The chart above is a glimpse of the explosion in money and debt central banks have been creating. The last time we were in this run up of cash and debt was in the early 20th century, and we all know how that turned out.
I'm not trying to be a Debbie Downer, but I do like to point out that maybe the reason crypto (compared to other capital assets) is doing so well is that the current system is doing so badly.
Anyway, after I just depressed everybody, Happy New Year everyone, lol.
Stay frosty people.