Fernando De Leon

in crypto and i did very well but i would say that there was very little fundamentals around it i think you know i got lucky and and i took my wins and and ran with it but but i don't i don't i wouldn't know how to invest in it at a fundamental level i think it would um it would be difficult for me to do that i wouldn't go as far as what you know charlie munger said uh which was that it was you know dog

But I think there is a use for it in certain contexts, but I think you have to tread very, very lightly on crypto.

You heard it here first.

No, that's what Munger said.

I think I wouldn't go all the way over there.

But yeah, those guys were old school, but I think there is a place for it in some contexts, I think.

If you see the devaluations that happen in some countries, there are people in Nigeria.

I think...

I have a friend that runs a crypto exchange company, and he says many of the customers are Latin America, Africa, Asia.

So you find those people derive value from buying those stores of wealth.

And so if they're deriving value, then who are we to say that there's something wrong with it?

So I wouldn't go as far as Charlie did.

Yeah, I think it has been been used in remittances, good and bad.

Right.

That's the that's the catch.

And so like in many topics like this, it's not black or white and and it is a whole bunch of gray and crypto and.

We'll see.

We'll see how it evolves for sure.

It's not going anywhere.

I think if you thought crypto was dead two or three years ago whenever we had that bubble burst, I don't think that that's the case right now.