Doug Burgum

But I do think there's a chance now that we could have this growth acceleration, and if...

I'm shooting for 3%, but I can tell you the trajectory of the debt path really changes.

And if we can also have lower interest rates because it's noninflationary.

I think the Fed's going to have to be open to this idea.

Yeah.

So I think that in terms of the well, I'll take the second one first.

We expect that the Chinese will slowly divest

But with the passage of the Genius legislation last week, I think that we could see several trillion dollars of demand for T-bills, because the way the legislation works, it's under 90 days.

And I think that that's really going to lock in the U.S.

dollar in terms of...

individuals on the street end, whether it's Nigeria, Kuala Lumpur, are gonna be using U.S.-backed stablecoins.

And if I think about the alternative,

If you think about a central bank digital currency, China, Euro, or ECB, or even Canada, a lot of you will remember during COVID, the Canadian government, they didn't like what some truckers were doing, and they seized and froze their bank accounts.

So with a central bank digital currency, you could put out a mean tweet, not that any of you would ever do that.

But if you put out a mean tweet... No one up here is known for doing that.

Ever.

That if you have a government backed, then they can shut you down as opposed to this unbridled choice that consumers are going to have for U.S.

dollar stablecoins.

We haven't seen that yet.

And I think there's a good chance that we could see.