According to The Kobeissi Letter, 8.0% of student loans transitioned into serious delinquency in Q1 2025, the highest rate since 2020, sharply up from 0.8% in Q4 2024 following the end of the student loan relief period (source: @KobeissiLetter, May 15, 2025). This spike in delinquencies is raising concerns about consumer credit health and could drive increased risk aversion in traditional markets. As investors seek alternative assets amid credit stress, the cryptocurrency market may see heightened interest as a hedge against traditional financial instability.