How Not to Play the Game, a Crypto Story Postscript: Matt Levine

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On Oct. 25, Bloomberg Businessweek published “The Crypto Story,” a cover-to-cover issue of the magazine that I wrote about what crypto is and what it all might mean. Over the summer prices had crashed and several prominent crypto companies had failed, and it looked like the popular enthusiasm for crypto was finally fading. People called it a “crypto winter.” Still, I wrote, “it’s a good time to be talking about crypto. There’s a pause; there’s some repose.”

That was true for, like, an afternoon? Just two weeks later, in ...