> asset inflation in stock<p>I disagree somewhat with calling it "asset inflation." Base salaries in tech have also been rising, and while I can buy that the S&P 500 might be inflated up to 50%, big tech stocks have gone up a lot faster, and it's been driven by fundamentals. Just compare their earnings to 10 years ago. Annoyingly, there isn't a comparison to the S&P 500. Palo Alto home price increases look a lot more like that than Bitcoin.