Ryan

Okay.

Central banks, China, and then I'll give you kind of a generation, which is the baby boomers, right?

I mean, the baby boomers are running the central banks.

They are the most bullish.

It's a cohort of them for sure.

I guess my point is, right, I think it's inevitable that crypto catches up to this.

I think that's right.

Yeah.

Once like millennial younger generations are in charge of central banks, do you think that they're going to want the yellow metal?

Investing is about patience.

Investing is about patience, David.

I don't, it's not going to take 15 years though.

That's just like, okay, so let me show you another data point, which is this.

This is the Bitcoin gold ratio.

If you look at this chart, it's not actually that bad.

Oh, that's a normal, good looking chart.

Oh, wait, this is a Michael Nadeau chart.

Yeah, this is a Michael I talked about on the DeFi report actually earlier this week, which is right about, you know, 12 or so now on the Bitcoin gold ratio.

And we've hit lower lows just as recently as 2023, which was below 10.

Okay.