Too Long; Didn't Read
<em>Foreword: My intent for this article is to review recent events in the crypto market, starting with two data points that we encountered in the past week, and then reviewing the past year to understand what began and ended 2017’s parabolic bull run. We’ll then look at what happened to the last wave of crypto speculators, and who — if anyone — will replace them. Lastly, and most importantly, we’ll seek to understand what will need to happen before they enter.</em>