Lately crypto has been making headlines in the major news outlets. How did it get center stage all of a sudden? Methinks that $COIN is behind it all. The usual pattern: create a buzz around crypto, so that peeps will set up a Coinbase account, drop their dollars in... only to lose them when they dump theiir holdings. Investment bankers at work, pushing their snake oil agenda through the major media outlets. What are the odds that $COIN actually holds the crypto to cover their stated positions? 5:1 at best? To actually withdraw crypto from Coinbase is a lot of red tape: You have to submit two photo IDs, like a Passport and Driver's License. It's a real turn-off and pain. The whole point of crypto is that it acts like ca$h... you don't need to show ID when you pay for things with currency!
Maybe the ATH had something to do with it. And the TV ads. And the billboard ads on the side of the road. And Robinhood letting everyone gamble on it. And the NFT news. etc.etc.