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Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by ElKrist on Monday January 04, 2021 @01:12PM (#25635463)
Excellent article posted on HN that explains why what we saw in 2020 is different than 2011:

https://www.lynalden.com/money-printing/

Basically, after 2011 it was mostly for recapitalizing banks when in 2020 it's to support government budget deficit

Re:BadEconomics: Putting $400M of Bitcoin on your company ba... by jdhn on Monday January 04, 2021 @10:35PM (#25641748)
Damn, this is a long but good read!