Balaji Srinivasan

Click that.

This is almost 10 years ago, nine years ago.

Click that.

Yep, this is Alexa.

The reason is, at first you might think, oh, is that comparing apples to apples?

Well, WCA has news, but you know what else it has?

It has stock prices.

And in fact, in the 80s, if you did some leverage,

We seem to have lost Balaji's stream.

I mean, this guy's got a lot of endurance, huh?

No, Balaji, we lost you for a second.

Keep going.

the equity is valued for the purchase of the transaction we're going to use the closing price in the wall street journal on the day that the contract was signed right so above you know like it are the letters but below the wall street journal was bought for the numbers it was literally bought for the feet of stock prices right so looked at in that way coin market cap is of course it's a global wj where it started with the numbers

which are the coins, the coins are the global stock market that are actually, by some measures, already the number four stock market coins since, you know, someone from Japan and Brazil and Turkey can trade coins on an equal basis even if they can't get a brokerage account, right?

So by some measures, the NYSE, the NASDAQ, and crypto are the three largest markets in the world and crypto will become the number one, I think, over time as NYSE and NASDAQ go crypto, you know, with tokenized stocks, tokenized equities.

So it's actually not that crazy to realize, actually, yeah, for many people around the world, CoinMarketCap is the new WSJ, and now they start to add content and analysis and so on of where coins are going and so on.

With me so far?

Yep.

All right, so that is the financial information resulted in an internet-first news source that, at least from a pure traffic standpoint, has disrupted WSJ.com.

I do believe, as we start putting facts on chain—