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How big is this crypto boom?

By Ilene
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How big is this crypto boom?

Courtesy of John Hempton, Bronte Capital

Google Trends doesn't predict stock market rallies, well somtimes it does. But more likely it is coincident with them, the suckers at the end of the boom being the biggest (yet) wave of retail buyers.

Here is a five year trend for the phrase "how to buy stocks" for the USA.

 

It has two peaks, one at the height of the first COVID lockdown, and a second and bigger peak at the height of the "meme-stock" rally in January.

The meme stocks haven't gone away, but most of them are well off their Mid February levels.

Still I can't resist the comparison. Here is "how to buy stocks" compared to "how to buy dogecoin" – again in the USA.

 

 

It is not even close.

This should give you some pause as to just how much money might pour into this rally.

I am old – even decrepit – and I do not understand. So I am going to leave it to someone else to explain to you. (And please appreciate the Matt Gaetz reference…)

 

 

****

p.s. Elon Musk on SNL:

 

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