Hello, I am Kim Raleigh Adams. Welcome to Make Me Smart, where none of us is as smart

as all of us.

I'm Cobras Dullet to Tuesday and what we do on Tuesdays for those of you who are new

as we take a single topic and devote the first, you know, 15 minutes of the podcast to

that with somebody who really knows what they're talking about and Kim Raleigh and I are

asking really good questions. So we all get a little smarter. And today, we're going

to talk about crypto because wow, have you seen what's going on in crypto Bitcoin to

Ethereum and Coinbase and everything. Hundreds of billions of dollars have vaporized and

that's real money, by the way. And that's why we're going to talk about this.

Yeah, and we should say, like, not all of this has happened overnight, but part of this

downturn really just accelerated last week. And it's having real effects, especially

for people who maybe jumped into crypto during the last two years of the pandemic and,

you know, had a little bit of FOMO and we're really excited about getting into this big

new thing. And now those people are losing a lot of money and it's really affecting

a lot of folks. So we have gotten an actual expert online. Her name is Anita Ramaswami.

She's in crypto and she does, she's a crypto and financed tech reporter at tech crunch.

Anita, thanks for coming on. Yes, it's great to be here.

All right. So look, as Kimberly said, this is not all happening sort of like, you know,

instantaneously. It's been a while that crypto has been a little janky, but it does seem

in the last week that things have kind of fallen off the table and how come?

Yeah. So there are a lot of factors that have kind of led up to this, but really the magnitude

of this is pretty, pretty huge. I mean, crypto was worth almost $2 trillion in industry

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