Gil Luria

People have used it for ransom.

And so it has connotations that people don't associate with safety.

And that's cumulative over the years.

And we're probably a little bit in that phase where people are disillusioned with Bitcoin and crypto, where gold has actually had a relatively steady ascent.

It's accelerated at times, but it doesn't have day-to-day collapses and moves like Bitcoin has had really every day for the last 16 or 17 years.

So it is attractive for that very reason.

There's a fixed amount of Bitcoin.

The more people get excited about it, the more they buy it, the higher the price goes.

And that's really the only driver of Bitcoin.

Bitcoin has a lot of uses.

One is the one we're talking about.

It's an asset that moves differently than other assets.

Another one is people love to trade it.

It's tradable 24-7 on any connected device, anywhere in the world.

And there's so much liquidity, you can always find somebody who will be on the other side of the trade.

There's other applications in the technology realm where people think that it can provide better financial services than the existing infrastructure, like money transfer, cross-border payments.

etc.

So the adoption of Bitcoin is something that's been happening for the last 16 years, and it will continue to happen and completely separate from the rest of the economy.

There's a lot of factors here, right?

So one of them that we haven't mentioned yet is that Bitcoin is quite popular in Iran.