Retail investors are exhausted. An army of disillusioned Asian and Wall Street traders are shorting the fuck out it with leverage. Institutional investors see hype, and no killer app. Why? Scaling. No scaling means the decentralization dream is just that at the moment. A dream. When there’s a real scaling solution, I believe we’ll see some major disruption. DApps all lined up ready to bum rush Facebook and Amazon, waiting on a scaling solution. Then you’ll see institutions flood the space, and the dream of $1M BTC will be realized. But it all depends on scaling — whether you’re talking BTC, ETH or security tokens.