Cathie Wood

If so, Bitcoin doesn't have that problem.

And so it is a good hedge against deflation as well as inflation.

I think that, ultimately, he could.

And we have been using the word convergence for a long time.

And I'll give a plug to our Big Ideas 2026.

And you'll see a section by Brett Winton, our chief futurist, called The Great Acceleration.

And you'll see a sphere in there showing how all these technologies are converging one with another.

And at one point in the last, I'm going to say six weeks, Elon said, you know what?

I think my companies are convergence stories.

So we thought it was interesting he used that word.

So SpaceX XAI does not surprise us at all.

I think he's going to let Tesla run here for a while because the robotaxi revolution is just beginning.

And I do think he wants that story to become very clear to investors.

And it will.

He doesn't want to combine with anything and confuse what's happening here.

And as you know, we have very big expectations for robo-taxis.

We love it that Tesla and Waymo are competing against one another.

And we think the stock, Tesla stock, if you look at it, it's been in a very

large trading range for the last five years.

And I remember the last time I said that was when Tesla was going through manufacturing hell and there were people out there saying Tesla is going to go bankrupt.