Jordi Visser

It's a very different market when you get into that side of where people are valuing something there.

So your comparison between humanoids, between pharmaceuticals, all of this stuff to me is gonna line up next year.

All right.

So this is where, so when I wrote the paper about the IPO price within the paper, I said, it still may go lower in the interim.

And the reason is because of what you said at the beginning of the question, which is

there needs to still be more distribution from the original people that bootstrapped this asset.

It needs to happen.

Part of it needs to be opportunity cost.

Part of it needs to be diversification.

But every single day, the ETF inflows continue.

The treasury company buying continues.

There is a handoff on things that didn't exist to what does exist.

um a16z put out their state of the crypto report i'll be going through about seven to eight of the slides because i think they get into the point that i'm most interested in so i'm a macro person i don't care about i mean i care what it does each day but my vision of it is not about what it does this year it's not even what it does next year if we're still at 94 000 next year trust me the sentiment will be even lower and people will be hysterical but

But I believe the volumes are going to increase.

The network effects are gonna happen.

Caitlin Long is a beloved person in the space because of the fight she's shown.

She's reiterated her thing, which I agree with too.

Money velocity sucks in the traditional finance world.

There's so much money trapped.

with the few that own it.