Not sure if has hit all time high, but I doubt it. But even if it did, the reason why it did is pretty simple. It's unregulated and a scam. So, get a bunch of sociopaths and let them target people, get them to invest in crypto and then they will be able to sell their own imaginary money to these people for real money. This is how it works in its most raw form. Someone invents monopoly money, convinces someone gullible that it's the future and sells the people the monopoly money for real cash.
Of course there's a whole bunch of obuscation and hype talk to hide what's really happening, so it's not immediately obvious to those people.
Muddying the waters is also the small group of true believers who really think that it's only matter of time when the monopoly money is going to take over and via the power of magical thinking completely fix capitalism and the rich bastards who have money instead of them.
So the signal to noise ratio is pretty bad for really seeing what is actually going on.
This has to be the funniest PR disaster in video game history. "Guy did not forsee players getting mad for locking a gamemode behind a $250 edition, doubles down on it and tells people to chill out"
Linux Inventor Says He Doesn’t Believe in Crypto ( u.today )
Linus Torvalds, creator of Linux, does not believe in cryptocurrencies, calling them a vehicle for scams and a Ponzi scheme....
Escape From Tarkov studio boss says he "did not foresee" players would get mad about charging extra for PvE ( www.rockpapershotgun.com )
This has to be the funniest PR disaster in video game history. "Guy did not forsee players getting mad for locking a gamemode behind a $250 edition, doubles down on it and tells people to chill out"