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…y the end of 2025, and the same data shows rising stress in record credit card debt and student loans. So, needless to say, many households are struggling and very much in catch-up mode to put it mildly. So, amidst all of this, why is crypto even part of the conversation? Well, because markets move on the marginal dollar, not the median household. If a small slice of refunds gets aimed at risk assets in the same short window, you'll see that very clearly in the charts. And that's especially true for crypto, where things are generally less liquid compared to traditional markets. So, with that in mind, let's do some back of the envelope maths. Take the 150 billion dollar case. If just 5% ends up finding its way into exchanges and brokerage accounts, that's 7.5 billion dollars. If crypto grabs just a third of that, you're at 2.5 billion dollars. And if you think that's too generous, a 1% crypto allocation across the board s…