The Stage is Being Set

As much of the crypto world descended upon Manhattan for Consensus:Invest this past week, it was a different atmosphere than a year ago, when bitcoin was on its way to $20,000. Many cryptos were down 90% from all-time highs, with Bitcoin and Ether both off 80%+. Gone was the euphoria and any talk of “lambos” to an environment which I prefer — where tourists are gone and the real builders and investors remain. Instead of party-hopping, attendees had more substantive conversations about the future. The usual barrage of press releases trickled to a few.

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