Jordi Visser

That at any point, that has continued to grow.

Stablecoin market cap has continued to grow.

So on the one side, I've got the network effects.

On the other side, I have the redistribution, getting OG whales to sell, of which for everyone out there who's wondering why they're selling, if you owned a billion dollars of Bitcoin and you weren't selling it, you guys should all leave here.

Like there's no reason to have all of that money tied up into one asset, especially at a time where

You should be worried about quantum.

You should be worried about it.

Not that it is a real risk, but you have to diversify your portfolio.

And if you have that much money in one asset, it should be redistributed.

There's other opportunities.

So I think the redistribution story has kept us unchanged for the last year.

But again, part of it was what happened last year coming into this event when we all had bananas around our neck.

you ended up with a situation where retail got burned immediately.

We had a meme coin come out.

That frustrated people.

Then as the year went on, we had Liberation Day.

So all of a sudden, the president, who was supposed to be pro-crypto, had events that were going on that didn't seemingly care.

And then we had the event on October 10th.

So I think really what's happened is right now,

The energy of this market is you guys.