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![Delztheplug Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1077606722699755521.png) Delz [@Delztheplug](/creator/twitter/Delztheplug) on x XXX followers
Created: 2025-07-25 00:12:21 UTC

I'd argue the capital source is fundamentally different. 2021 was fueled by ~$800B in direct stimulus checks to retail. 2024 is driven by institutional ETF flows.

Aren't these two completely different risk profiles, with institutions far less likely to rotate into high-beta NFTs?


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**Related Topics**
[nfts](/topic/nfts)
[fund manager](/topic/fund-manager)
[$800b](/topic/$800b)

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