Tom Ellsworth

IT'S GOING TO BE AN ALTERNATIVE TO FIAT.

IT'S GOING TO GO THIS WAY WHEN THE MARKETS GO THAT WAY.

HERE WE HAVE THE BIG TEST.

WE'VE GOT LAYOFFS, WE'VE GOT GOLD, WE'VE GOT THE U.S.

DOLLAR WEAKENING, WE'VE GOT A K-SHAPED ECONOMY WHERE THE CONSUMER IS INCREASINGLY UNDER STRESS.

Whereas Wall Street with PE, especially in tech, has been doing okay.

And so we're all waiting for the shoe to drop.

The shoe to drop is the market and some economic things and some layoffs and everything.

And all of a sudden, Bitcoin goes with it.

Bitcoin was supposed to be different.

And so right now we're trying to figure out, Pat, remember what everybody said, just don't worry about it.

Get a little bit of Bitcoin.

It's an inflation hedge.

It's an inflation hedge.

That was one of the core selling points.

Well, now when things go sideways, wait a minute.

This is two years of increases have gone down.

This morning it said, if I'm correct, October 2024, it was 66.

It's gone on a run, so it's returned and it's given back two years of gain.

Go to five-year, Max.