Despite #crypto's recent noise, it's still the diehards.

It's just >10x the diehards we had in 2016.

It's hard to be adequately prepared for what comes next.

Once this enthusiasm expands outside the diehards and a mainstream-flywheel gets going, expect the full-blown mania to be >10x what 2017 was. Exciting and terrifying.

I use 2016 not just because it fits the 4-year halving-cycle that pattern matches with 2020, but also because it was a great year of experimentation in #crypto, mostly out of the limelight.

One of the most mind-blowing events of 2016 was #TheDAO, which amassed funds worth >$150M.

In 2020, @compoundfinance & @BalancerLabs have blown our minds with launches that placed fully diluted valuations in the 10x-range from #TheDAO.

And they are much more sturdily built.

We ended 2016 at ~$18B in total #crypto network value.

At $345B in current network value, we're currently ~20x the value at stake.

Ground yourself now; speculation cycles have accompanied promising new technologies for hundreds of years.

While no one can quite control them, we can control how we react, present, educate, communicate & steward the space.