Tom Schmidt

It's a little bit like a, you know, token, like a long dated token vest of this is always going to be this thing dangling over your head.

And so he needs to find a long term plan for it.

I think people discussed, hey, maybe selling a larger amount of Bitcoin now.

So you have, you know, a year plus worth of cash to be able to pay dividends.

But if anything, I think we're also just an interesting instrument to trade, right?

We're coming up.

towards the end of the month, when the first event, you know, should be coming out.

Funding has been going crazy.

I saw Lighter has a stretch perp.

And so it's always like, for a while, it was like 900% annualized.

So some people are also doing, you know, this cash and carry trade.

They're going to hold the stretch, short the perps, maybe try to collect the interest.

It's just like all sorts of super interesting environment.

But I feel like we're going to get this resolved one way or another, you know, closer to the end of the month.

And I...

I don't quite know how because I do find I'm not a particular big strategy or sailor bull, but he does have the ability to pull a rabbit out of a hat on demand.

So he'd be able to do something.

Yeah, I think there's a lot of businesses or investment charities that are sort of predicated on this idea of, you know, Coinbase, Keger from past, you know, decade or so.

But, you know, the problem is you don't eat Keger, right?

Like the United States, on average, is maybe, you know, a thousand feet above sea level.