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Economy

Covid Relief Funds May Have Propped Up Crypto Bubble of 2020-21: Study

Activity surrounding cryptocurrencies increased dramatically during the periods immediately following large disbursements from the 2020 Paycheck Protection Program.

AP/Kin Cheung, file
An advertisement for Bitcoin displayed on a street at Hong Kong. AP/Kin Cheung, file
SCOTT NORVELL
SCOTT NORVELL

Did American taxpayers, via a pandemic-era economic relief program, help prop up the great crypto gold rush of 2020-21?

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SCOTT NORVELL
SCOTT NORVELL

Mr. Norvell is National Editor of The New York Sun.

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