Anecdotally, I hadn't visited Brazil in almost 4 years. Went there some months ago and was definitely surprised (and shocked) by how much chatter about cryptocurrencies was going around. Uber drivers, waiters, bartenders, cashiers, I had experience with them and many other people trying to tell me how they were into crypto, showing me graphs of their earnings (or losses), etc.

It was really alarming to see how many vulnerable people had bought into this mania in a poor country. The moment this bubble pops and crashes it will bring down a lot of non-cryptobros that are being shilled, either by influencers or other "hodlers" friends or family (that may actually think it's a good "investment").

It's looking pretty ugly for the next recession.