Michael Saylor

And the market is going to sort all that out with the wild card being that the regulator, you've got the market, the ultimate arbiter.

I like this and not that.

And that'll be expressed by users and capital locked up in these networks.

And then you've got the regulators who are making decisions, you know, about what use cases are acceptable or not acceptable and how, you know, where they're going to draw those lines and just how functional are you allowed to make all those digital assets.

And then the final boss is the legislators.

And they can pass a law saying you don't get to give yield or you don't get to do an ICO or you don't get to take self-custody.

And I would say for all the staking networks, Ethereum especially, the last two years have been pretty instrumental.

They've moved from, I would say the previous administration looked at those use cases as illegitimate.

And this administration and the consensus that's formed is this is legitimate.

That's all good.

you know, where the regulars will draw the lines, where the legislators will draw the lines, and then what the market will decide.

So it's exciting, interesting.

There's a future there.

You know, how big it is,

Like, look guys, if it was up to me and it's above my pay grade, no one's asking me, but it was up to me, I would define digital currencies that could pay yield and move at the speed of light and there'd be $10 trillion of stable coin out there issued by reputable parties backed by currency equivalents.

And it was up to me, every small mid-sized business could issue a digital token over the weekend

And they could articulate, this is the promise we're making.

We're accepting civil and criminal liability for misrepresentations, et cetera.

And they would be able to raise capital.

And they would be held liable.