Weekly Update: Blood in the Crypto Streets

Dear Laissez Faire Letter Reader,

The cryptocurrency markets, as you’ve probably heard by now, have been brutal over the last 24 hours or so…

As you can see below — a listing of the top 20 coins — there’s blood in the streets:

If you’re new to cryptocurrencies and used to investing in stocks, this chart is probably enough to give you a heart attack…

And if you’re a crypto skeptic, it’s easy to feel vindicated when seeing such huge drops like these…

But here’s the thing — over the last couple weeks, many of these coins had hit all-time new highs. Read on...

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