Title really says it all, the price of many coins / tokens in the market right now is surprisingly high considering we are on an average global interest rate of ~5% and still considering increases!
Look at BTC as a perfect example, hovering around the same price that it was at the start of 2021 back when interest rates were at ~0% and there were no good investment options. Now we are looking at saving returns at almost half expected annual traditional market returns at a time when the cost of borrowing is at an all time high.
Right now there is no right for such a high risk asset to have such a ridiculously high market value and yet it does.
In a year or two once that interest rate starts dropping and all that savings money makes its way back to the investing market we are going to see some huge bags hitting the crypto market.
This doesn't even take into account that the interest rates are likely to line up with the next BTC halving, early to mid 2024, is just the absolute perfect storm of investment potential on the near horizon.
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