Bailey

But at the same time, they're impacted by the devaluation of our currency.

when they do trade and when they do commerce and everything else and our currencies at play and it loses its value, it actually hurts them economically.

And so they've been trying to decouple from dependence on the dollar.

And one of those ways is to decouple from the United States debt as one of those holding areas.

When we looked at, okay, what's really going on here.

They're trying to get as much as far out as they can and get to where there's clean, let's say transactional awareness about what's going on with all forms of Fiat and then isolate their own in favor of versus United States dollars, as opposed to the inverse that's currently the case.

Well, why does that matter?

Remember that ultimately Bitcoin as currently traded and bought and sold and executed is done so by multiple forms of currency.

It's done so by multiple different denominations of Fiat and by and large, the United States dollar is a strong reason for its current price level.

The theory, and it's only a theory that's not vetted is if you remove the United States, the weakness of the United States from the Bitcoin equation and calculation, it might actually realign the price of Bitcoin to what it really would be.

If you had a strong Fiat backing it, which is estimated to be lower than what it is, because remember when you have significant money printed out there, you have inflation.

When you have inflation,

Bitcoin and cryptocurrencies tend to be where some of that money goes.

It just kind of goes over there and there's so much money there.

So much is purchased.

So much is transacted.

It artificially inflates the price, creating somewhat of a bubble effect.

The,

I'll say my own analogy to this is the housing bubble of 2008.

They weren't printing houses.