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We printed an enormous amount of money that mostly went into insane asset bubble which includes shitcoins among other things. It’s going to take time for it to percolate back into real economy (assuming they keep interest rate where it is for that long)

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I’d say much more of it went into inflating house prices.

Yes, it went into all asset classes, even normally depreciating assets like cars. That said, the massive influx of cash into an asset with no underlying value seems like an especially egregious symptom of this trend.

The difference here is houses are actually useful for something

But you HAVE to have housing, so inflating that price is bad (and actually helps cause homelessness) whereas buying cryptocurrency is totally optional.

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