Letter From The Editor: Welcome to Crypto

Monday 01 March 2021, 10:15 PM AEST - 1 month ago

We all see it, right? Cryptocurrency is having a moment again.

It last had a mainstream moment in late 2017, followed by the infamous crash in 2018. But that was, in hindsight, mostly mania and hype.

This time looks different, and dare I say more mature and more enduring. This time it's Joe Main Street and Wall Street buying in. The current run has been driven by institutions, but not just investment firms. Square, MicroStrategy, and Tesla loaded up. Notable hedge fund heads changed their public tune on crypto.

But Bitcoin hasn't changed. The perceptions merely changed, as former skeptics decided it's time to reexamine crypto. The narratives changed, and crypto is an industry driven by narratives. (Remember when big banks were all talking up "blockchain without Bitcoin?") The pandemic created a perfect storm for crypto adoption, as positive narratives converged with a retail investor revolution.

And people have a lot of questions. Is Bitcoin really a form of currency, or merely digital gold? Is crypto mining bad for the environment? What's the deal with these wild auction prices for digital collectibles (NFTs)?

Answering the big questions

Decrypt is here to answer all your questions. We are here for people at every level of crypto understanding, whether you're starting from zero (see: What is crypto?) or you're deep down the rabbit hole of DeFi investing, yield farming, and ...

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