George Mekhail

I mean, it's been so volatile.

Right.

And Bitcoin is still kind of being treated as a risk on asset, right?

But the long-term thesis is that, yeah, war or instability or people looking at the dollar being destabilized or inflated away should, in theory, make Bitcoin go up.

We haven't quite gotten there yet.

I think that's going to be when we do actually break out.

But I mean, it could happen at any moment, which is why I think there's a lot of conversations around the fact that Bitcoin only has 21 million.

It is a gold rush, right?

It's an accumulation game.

People pay, I think, too much attention to the price of Bitcoin, the US dollar price of Bitcoin, rather than paying attention to how much Bitcoin you actually have.

Because at the end of the day, you want that number to go up, the number of Bitcoin in your wallet.

Because if it's a scarce asset, that's really the name of the game.

The US dollar equivalent,

I mean, what are we talking about with the US dollar equivalent?

I mean, think about how much you've lost in purchasing power with your dollars over the last 100 years.

98%, right?

Yeah, 98, 99%.

And I mean, you can really trace it back to really significant events that have happened from COVID when they basically doubled the money supply.

Before that, what did you have?

The 2008 financial crisis.