Meltem Demirors, Chief Strategy Officer at Coinshares, discusses the growing optimism for Bitcoin and cryptocurrencies, the Grayscale Bitcoin Investment Trust's (GBTC) discount reduction and recent meetings between the SEC and potential issuers of Bitcoin exchange-traded funds (ETFs). She discusses the diversity of investments in the crypto space, including exchange-traded products, Bitcoin miners and growing activity on blockchains such as Solana and Ethereum. She highlighted the importance of innovation in Bitcoin's upper layers, such as smart contracts and machine-to-machine payments, and touched on the potential tax implications of converting GBTC into an ETF.

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