Caroline Hyde

But then we look to what's happening in strategy.

Of course, a big purchaser of Bitcoin that shook the market by potentially saying it could even sell off that Bitcoin if really forced to do so.

But now they try and come in and temper those fears with news of, well, really a reserve fund.

Why isn't it working?

Why isn't pushing strategy back higher again?

Well said.

Bloomberg's Ana Herrera, we thank you very much.

Let's keep the discussion going.

Jalak Jobinputra is with us, managing partner at Future Perfect Ventures.

It's an early stage firm with a focus on blockchain technology, crypto assets and more.

For you, you're about the builders and the companies that are trying to use the underlying technology, Jalak.

But just paint the macro picture right now.

What does bring institutional retail money back into the ETFs or to the crypto as they stand?

Sure.

Before

you know, we saw a decoupling of the price behavior.

We also have the added challenge of the Bitcoin treasuries that have been built up.

However, you know, we still believe that there's great global demand for Bitcoin specifically, and we're going to continue to see ETFs and new products develop on Bitcoin.

That's just going to happen in the next year or so.

I mean, you're all about the ecosystem, blockchain.com, BitGo, also thinking, of course, how you've been in MoonPay.