Cosmo Jiang

And I think it's really important here to have a long-term time horizon if you're an investor.

The most important thing that every marketing department cares about if you run a consumer brand is what are the 20 to 30-year-olds doing?

Because you know inevitably that they will get jobs, get more wealthy over time.

And so their portfolio allocation or what they spend on, what they believe in, those brands will have more value over time because those consumers will have more money over time.

And they'll replace the older cohorts that age out over time.

And today, a lot of 50 to 60-year-olds, the people with all the wealth have a lot of gold.

But if you look at the 23-year-olds, they all own Bitcoin.

They don't own gold.

And so very clear to me over a multi-decade time period, that brand, Bitcoin, is going to win out.

And Bitcoin today is a $2 trillion market cap.

Gold is something like $35 trillion.

So there's a real 10 to 20x opportunity.

And that is tremendous upside.

And then from the blockchain technology, I mean, I feel even more optimistic and more excited about the return potential.

Your goal as an investor should be to try to capture the total universe of potential growth opportunities.

And it's pretty clear that today a lot of the equity indices over index to AI.

You know, that could be for a good reason.

I certainly think AI is going to grow tremendously over time, but they probably under index to the next most disruptive technology today, which is blockchain.

Everyone is making this big deal about whether I should be investing in blockchain assets or not.

In the future, all of finance will be digital finance.