It's not odd, we're coming off of a global pandemic where people were commuting less, saving more (no daycare, not eating out), and collecting stimulus checks. Meanwhile, the businesses that should have failed because of the drop in consumer spending were kept alive with PPP loans.

At the same time, companies like Tesla and Micro-strategy are pouring billions into a new finite asset class.

There's simply more cash flowing into the system, it's just run of the mill inflation.