Guest post by Quinn DuPont from University of Washington Quinn is a Research Associate at the University of Washington. To better understand who invests in crypto and ICOs, why they do it, and how exactly they make trades, in late 2017—at the peak of the crypto mania—I set out to study people behind the billions in investment and speculative trading. Research Background In the run-up market highs in December 2017, seemingly everyone was getting in on the action. Crypto was making front page news as investors of all stripes rushed into the market thinking it was a once-in-a-lifetime opportunity. Many were enticed by increasingly easy—and unregulated—onramps, through apps and exchanges trading popular currency pairs. Then came the reckoning, where most lost their investments in a prolonged and protracted bear market. However, do people understand who “invests” in cryptocurrency? Not really. In this study, I wanted to get behind the news headlines, the drama and trolls, the “ma...