Too Long; Didn't Read
Over the last several months, the crypto market has degenerated into a speculative mania nightmare. When we wrote the first draft of this essay, the global crypto market cap was $750 billion. The market tanked to $435 billion by the time we finished our second draft. After some feedback and friends ripping the essay apart, the market cap recovered to $535 billion. This was in a span of 48 hours. It now sits at $500 billion at time of publishing.