Michael Nadeau

Yeah, it was like March 30 lows or so.

Yeah, I mean, you know, we're mostly focused on the crypto markets and the crypto markets have been in, we believe we're in a bear market on the crypto side.

And really the air has come out of these markets.

We've seen this rally from Bitcoin since early February, which is corresponded with a major rally also, you know, in the NASDAQ over this period.

There was some disruption in the NASDAQ prior to the big rally we started in early April.

But yeah, I think if you're focusing on crypto right now, there's sort of like a narrative that's going that we've already bottomed and that we're going into the next bull market.

And while this is playing out, we have an extreme sort of situation happening in NASDAQ and kind of the AI sector.

And there's a lot of discussion around, is this a bubble, right?

This is the big question right now.

And if it is a bubble...

What does that mean for crypto markets?

And that's kind of the question I've been asking and why I'm doing some of this, you know, deeper research on the AI side of the equation right now and just trying to have a view on if that is actually sort of in the ninth inning of potentially, you know, this bubble scenario, which nobody knows.

It'll be obvious in hindsight, but nobody can predict this stuff.

Yeah.

And like you said, this is all, you know, everyone has their own definition and kind of when you're entering or exiting these periods.

This is kind of how I think about it.

You know, there's typically a breakthrough technology, right?

This is kind of through the framework of Carlota Perez's book, Technological Revolutions and Financial Capital, which is a fantastic book.

to read right now, I think, and how it's relating to what's happening in AI.

It's a book that I was very focused on trying to understand how that's actually impacting the crypto markets and the crypto bubble as well.