Hi everyone I'm Rose Marie Miller here with Stephen Erlich the director of

Forbes Digital Assets here to discuss the latest in the crypto space. Thank you so much

for joining me today, Steve.

Thanks, Rosemary.

So, Steve, about last week,

a Bitcoin approached 45,000 for the first time in about 19 months and it's come down since then could you tell us what happened?

Sure and it all really just comes down to three simple letters ETF which I know we've spoken about in previous discussions. EDF really

just stands for Exchange Traded Fund, and it's this very popular investment vehicle

that many people in the industry expect to finally be

approved by the SEC early next month and could theoretically usher in hundreds of billions

or even trillions of dollars into

Bitcoin specifically in the coming months and years and I mean and I think there's a

lot of posturing right now amongst investors to try to ride this

wave, get ahead of it, and just the fact that Bitcoin markets and some of their crypto markets in general are still a

little shallower than they were prior to the collapse of FTX and the bare market of

2022 which continued into at least the first half to

2023 when there is a chart move in either direction and in this case it's

usually upwards that can lead to short squeezes or basically liquidations for investors that have bet against

the price of Bitcoin which can lead to searches higher and that's kind of what happened,

which is why Bitcoin approached $45,000 which you mentioned and

that date is actually pretty symbolic for the industry because 19 months or so ago coincides

with May 2022 and that's when three Irish capital one of

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