we are joined by the coinlist ceo andy bromberg. prior to this, and he was ceo of sidewire. nded the stanford bitcoin group. also, joe weisenthal is here. andy, i want to start with you. you had a spectacular rise and fall, but also volatility has slowed down. this could be a step toward wider adoption. on the other hand, people say the craze is running out of steam. which one is it? >> i think we are seeing two things happen here. first, a bifurcation between high quality and low quality. last year, investors were not sophisticated, they were figuring out the market. now the high quality ones are able to raise money and a low-quality, not as much. the second is increased investment from investors all over the world. you are seeing investors talking about i feels all the time, increasing sophistication from investors which will drive the industry forward. emily: i will put a similar question to you. is it the start of a boom or beginning of a bust? reporter: i don't know the answer. i wish i did. but i do find it to be pretty striking the way in which we see this relentless d