According to The Kobeissi Letter, US consumers' expectations about their financial situation over the next year dropped to an all-time low in May 2025, as reported by the latest University of Michigan survey (source: The Kobeissi Letter, May 22, 2025). Sentiment levels are now even lower than during the 2008 financial crisis and the late 1970s economic downturns. This unprecedented pessimism could accelerate capital flows into alternative assets like Bitcoin and stablecoins, as investors search for hedges against economic uncertainty. Crypto traders should monitor on-chain data for increased inflows and heightened volatility, as shifts in risk appetite may drive both short-term price swings and longer-term adoption trends in digital assets.