Michael Nadeau

This creates opportunities, I believe.

And this is a feature for me as an investor in this industry.

But you have to realize the game you're playing here.

And these are different skill sets for investors.

Not only do you need to be anchored to data, but you need to understand these sort of more,

idiosyncratic sort of intangibles that you deal with in this asset class.

That's correct.

Yeah.

So and that's why we spend so much time on, you know, the way that this journal that you call it, which I like, I think that's kind of what it's like to, you know, be a pro subscriber on the DeFi Report.

The journal is essentially cycle awareness analysis for Bitcoin specifically.

And we overlay macro and we use a lot of data there.

But the reason we focus on Bitcoin there is because Bitcoin is kind of the dog that wags the tail.

The rest of the altcoin market is mostly going to come in, I believe, bottom after Bitcoin.

That doesn't mean there's a law that says that it has to go that way.

But we put most of our attention on Bitcoin for that reason.

And then for cycle awareness.

And then we spend a lot of time also doing individual analysis on different projects that are on the watch list.

And that way, when Bitcoin does hit where we think the macro low is, we don't expect we're going to get that perfectly.

We want to be generally accurate and have the probabilities on our side at that moment.

But we want to be ready in these other sleeves where we have some assets that we've already done quite a bit of work on.