Brian Armstrong

Bitcoin is the new digital gold.

I think it's going to be a key part of our economy going forward into the future.

Is that still valid?

The reason that Bitcoin has been down, everyone's been kind of trying to figure that out,

So at New Limit, we're trying to do half of what Shinya Yamanaka did.

We don't want to change the type of the cell.

We just want to change the age.

We've actually been able to demonstrate successful reprogramming of human cells now in our first drug candidates going into the clinic next year, hopefully followed by a bunch more.

When do we hit LEV?

Okay, so that's a complex topic.

I think...

Yeah, it's never as good as it seems, never as bad as it seems with these things.

You've got to take a long-term perspective.

And I think over the last few quarters, the reason that Bitcoin has been down, everyone's been kind of trying to figure that out.

I think it's a few things, right?

I think AI absorbed a lot of the risk capital.

It's kind of...

hard to imagine people talking about anything else at the moment besides AI.

And so that's moved over.

And then people got really excited about Stablecoins because the Genius Act passed and we had some regulatory clarity.