Zanita Todorova

That's right.

Our latest research shows that physical AI could really become a trillion dollar market by 2035.

For example, in 2025, we estimate that nearly 16,000 humanoid robots were deployed worldwide.

Bitcoin never sleeps, but over the weekend and during holidays, we must recognize that liquidity is thin.

But to your point, we've seen four straight weeks of losses, and there are just a lot of things going on.

We have renewed geopolitical tensions when it comes to Iran.

Fed rate cuts are back in focus, especially after last week's inflation report.

We also have AI concerns.

My inbox, Ed, as I'm sure yours is, is just full of AI concerns about whether this sell-off we're seeing will spill over the tech sector.

So all of that is causing Bitcoin, which is now really a risk asset, moving a lot in step with Nasdaq,

It's really edging lower.

So that's what you're seeing.

It's interesting because we still have the original Bitcoin proponents saying that this is a haven.

This is what you buy when there's geopolitical tension, inflation fears.

But for now, it's definitely behaving like a risk asset.

Right, so when we look at his move here, doubling his stake in Microsoft, this is a stock that as we now have seen with the beginning of the year has become incredibly volatile, down 23% since the end of the third quarter.

So, you know, these 13 Fs today are actually quite insightful because we're seeing positioning ahead of what's been a chaotic start to the year.

So as we can see, who made the right bets, who is probably in pain, the stock's not doing too well.

So it was also added to Apple, NVIDIA, and Amazon.

They ramped up their Apple holding, which has been less painful for them as we look at through the end of September when we look at these filings through till now.