Hey Michelle, great article. Love the point about maturity of the sector. My friend worked at Circle, whose stated purpose was to enable businesses to take and make crypto payments. What he described sounded more like a combination sales brokerage, market maker, and prop trading operation than a payments business. It should be interesting to see the ecosystem crystallize over time. As an asset class, Crypto resembles both Currency in certain ways, Equities in others (especially for coins like Ethereum), and Precious Metal in still others. It will be interesting to see which of those asset classes the ecosystem most resembles ultimately.