I wrote a brief essay on why Wall Street and corporations currently invest in Bitcoin and other cryptos. Low interest rates encourage riskier investments because earnings on safer investments aren't generating much of a return.

The Federal Reserve plays a huge role in all of this. They pumped the domestic and global markets full of USDs to sustain the global economy from total collapse. Rising housing, stocks, and cryptocurrency were expected, but the Fed will manage the bubbles as best it can with monetary policy when they begin to fetter.

Wall Street and big corporations manipulate the crypto market like they do the stock market. When the Fed raises interest rates in September 2023 (so it says), it'll be interesting, but the big investors will ditch the risky investments. Mortgage-backed securities collateralized for derivative trading continues to be lucrative and less risky than cryptos.

The safest investment might be getting our money out of big banks and into credit unions. The Fed controls everything and whatever they do will affect all of us.