Jeff Park

So that's the first meta.

The second met is AI.

And you saw this very clearly.

Everyone over Christmas, all they could talk about was AI and the launch of Claude Code and Opus and how amazing it was that it reinvented their entire workflow.

And this has huge implications for flows too, because I think it means that there's going to be more investors who are waking up to the idea that you have a companion who's basically your robo-financial advisor, and they're giving you the principal ability to actually invest the way you want.

And at the same time, giving you the rules around it to which you have historically outsourced that to a paid financial advisor.

So that's world-changing.

And we're going to see really interesting flows that come from that agentic model.

And the third is culture.

You saw the biggest news was, in my opinion, in the culture category, seeing Nick Shirley basically take down Minnesota.

And-

That is a huge cultural awakening at this country.

I think that shows you, one, independent journalism still matters.

And independent journalism really matters only when it looks as authentically as Nick did it.

Because the other side with these AI and hyperfakes and all these videos is people don't know what content they can trust.

But the reason I think, you know, Nick's at the center of this cultural moment is because when you watch those videos, you can just tell it is 100% authentically his creation done by somebody who cares about a certain issue, has beliefs around it.

And it is independent journalism in a way that like culturally America has lost.

And so these things are all going to point to you in directions of where's the money going, where's the attention going, and how are you going to position yourself to outperform?

And that's why I think 2026, Bitcoin is going to be really interesting.

AI is going to be really interesting.