Jeff Walton

Like as you age, your tolerance for risk changes, right?

If you've got kids or you're closer to retirement or whatever that may be, you may be shifting that relative weighting.

And now you can shift that weighting in a Bitcoin ecosystem.

Like if you're a long Bitcoin and you're like, oh man,

I'm getting older and I need some more stability.

Historically, you'd go sell Bitcoin for bonds.

That sounds horrible.

Why would I do that?

If I still wanted long Bitcoin exposure, if I'm bullish, the structure of Bitcoin continuing to exist, now I can shift and still get that high alpha performance in a different structure.

That's interesting.

There's so many...

Millions, millions, billions of people that need that.

And as the structures of these things evolve, like moving to daily dividends, for example,

that becomes a little bit, that becomes even more compelling, right?

The relative risk profile should theoretically become more compelling.

It should be less volatile.

You can hold it for a shorter period of time.

You can manage risk a little bit easier.

The risk provisioning should, like the mental framework should be a lot easier.

And yeah, I think that's a very valuable perspective.