This will be my last edition of the crypto newsletter. I'm leaving The Information to take some time off and then go back to school. It has been a joy to dig into these topics each week—and even better to hear from you along the way. The newsletter will be back soon after a short hiatus.  

To cap off my time covering crypto, I wanted to offer some reflections on this industry and where it might be headed, based on conversations I’ve had with hundreds of engineers, founders, investors, thought leaders and skeptics.