Ryan Sean Adams

I mean, so all of this led me to believe in our discussion, we were talking about this.

It just seems like crypto is being pulled up by the stock market, by the AI trade specifically, by the NASDAQ.

And so if that's the case, if our future, at least right now in this current regime, is dependent on the AI boom, I think the most relevant question for us is like, is that going to continue?

Yeah.

How long will the AI boom last?

And you prepared some materials to help answer that question or look at, let's say, both sides of the equation here.

But let's start there.

I mean, do you think that is the most relevant question for crypto investors right now is kind of where's AI going to go?

I guess there's so many, I guess, mixed feelings when people use the word bubble.

Some people say we shouldn't use it at all.

It's kind of meaningless.

What is a bubble actually?

Others say, you know, you can use the term bubble.

And by the way, bubbles are good.

Somebody authored by the name of Berne Hobart came on the Bankless podcast.

He has a book called Boom talking about the value of bubbles historically throughout history.

Others use the term bubble as almost an insult and they sort of have negative connotations when it comes to a bubble.

So it's another way to look at it.

Let's maybe be precise on the definition of bubble as we're going to kind of use it in today's episode.

So when you think about a bubble in markets, what does it actually mean to you?