I’ll guess that EA giving is a bit more sensitive to the economy than other giving, because a disproportionate amount of EA giving comes from IPO-related wealth and cryptocurrency bubbles.
But how closely are IPOs and cryptocurrency activity linked to broader macroeconomic trends? It felt like the Bitcoin bubble inflated and popped with little impact on, say, the conventional stock market (but I could be wrong about that).
I’ll guess that EA giving is a bit more sensitive to the economy than other giving, because a disproportionate amount of EA giving comes from IPO-related wealth and cryptocurrency bubbles.
But how closely are IPOs and cryptocurrency activity linked to broader macroeconomic trends? It felt like the Bitcoin bubble inflated and popped with little impact on, say, the conventional stock market (but I could be wrong about that).
IPOs are strongly dependent on an expanding economy. Cryptocurrency bubbles are somewhat more likely in an expanding economy.
The impact of IPOs and Bitcoin on other markets is much smaller than the impact of the economy on IPOs and Bitcoin.