Peter St. Onge

Regulations, you're talking 100%.

I mean, it's just astronomical.

Tax rates and the Fed, of course, you're talking much, much bigger amounts.

When it comes to the value of a currency, you have two things you can do with a currency.

One of them is you can transact in it.

The other is that you can save in it.

So a store of value.

Overwhelmingly, the value of a currency is the saving part.

That's much, much more important.

And

You know, like we see this, for example, with Dogecoin.

Okay, so Doge is primarily used for transactions.

It's not very good for savings because it doesn't hold its value because you can print a lot of it.

Doge doesn't do anything.

Compare that to Bitcoin, right?

Where the main value of Bitcoin is as a store of value, that's been enormously successful.

You had a lot of transaction crypto, like Litecoin or whatever, they all fail.

And they should because transactions is not really the value in a currency, it's savings.

And so that means that Donald Trump's fights, I'm not too worried about that because if people are not transacting as much in the dollar, yes, it reduces the advantage that the dollar has in liquidity.

In other words, when you