George Mekhail

Bitcoin is still kind of being treated as a risk on asset.

The criticisms of corporations buying too much Bitcoin are like, they often sound like, oh, they're going to leave enough for the little guy or whatever.

But the counter argument to that is the more adoption, the better.

The best thing that can happen for Bitcoin is that the value goes up.

That's what makes people interested.

Yeah, it really has.

A little different this time around, but still a lot to be excited about.

We haven't even seen the 80% drawdowns in our typical bear market.

So 50%, it's like, eh.

It's whatever.

Give me a real dip.

You know, I think last time we talked about this and I was saying this time is different.

And now that we're 50% drawdown, I think it's still a little bit different.

It's not an 80% drawdown.

But I do think that this cycle is the structure of it is very different.

There's a lot happening in the world around Bitcoin that it's changed kind of how we look at 60 or 70K Bitcoin versus last year.

Yeah.

Um, you know, you got corporate adoption, you got institutions buying up more Bitcoin than is being mined every single day.

Um, you got the Iran war and just this week we're seeing the, um, the Strait of Hormuz being, uh, they're, they're requiring payment in Bitcoin for these, these ships to pass through.

I didn't know that.