• Soyweiser@awful.systems
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    6 days ago

    The crypto boom of 2021 was a direct result of a bunch of Americans being cooped up, too online, and also, critically, having a bunch of extra cash thanks to Paycheck Protection Program (PPP) loans and a series of temporary relief checks

    People (esp pro crypto ones) keep saying this, and I dont believe this is true. Dont even think the timelines match up. (There is another story about crypto boom and inflation which also doesnt match the timelines).