Jordi Visser

Bitcoin has a market cap where history will tell you when you get to this level,

You're real.

Like, you don't have to doubt it anymore.

Could we go to 80,000?

I guess we could if the stock market falls off.

But I don't think the S&P is going to fall off.

I think we're at the end of a liquidation of growth stocks and that next year growth will not be a good factor.

Growth has a variety of times where it doesn't work.

Bitcoin is heavily, heavily correlated to retail trading.

It's heavily correlated in the short term to growth.

If I'm right and growth isn't going to work the way that it is, this is not a value trade.

This is just...

If the growth names are not dominating the market, then Bitcoin is going to start to be sexy again when it starts to trade higher.

Price drives in the narrative always, as Paul Tudor Jones said, it's something I believe in.

The narrative is bad right now because the price is bad.

If the price is back up, the narrative will be very good.

Um, yes, but let, let me take, um, let me break Bitcoin down into four quadrants of

let's say buyers plus people that have bought.

You have the ideological group.

I wrote a paper about the difference between libertarian and democracy with inside Bitcoin.