00:00I want to talk a little bit more about how crypto infiltrates the equity market because watching Circle shares has just been stunning since their IPO.
00:09I see them up about four hundred and eighty percent and consensus seems to be that this is going to coax some of those other crypto companies to come into the public equity markets.
00:19Hundred percent. We are seeing two big strategies right now.
00:21One is companies going IPO. We are expecting Kraken early next year.
00:25We are expecting Falcon X, Anchorage, a bunch of them.
00:29At the same time, the second one, which is getting very fascinated, is a lot of existing IPO companies in Nasdaq and NYSE are taken over by the crypto strategies.
00:40And so we saw UPEXI with Solana strategy. We saw SBAT with Ethereum strategy.
00:46And we continue to see a lot of TORN, BitSensor, Hyperliquid, multi-million dollar, hundred to five hundred million dollar announcements and Bitcoin, of course, based on the yield.
00:54Now, what is very interesting, which we have to watch is, is that the only way for the markets, especially institutional endowments to actually hold and have exposure to crypto?
01:05Or is it just another way of token up and down, which is going to be fascinating for the crypto native people, too, because we have always been asked, there is pumping and dumping in the crypto world.
01:16Let's see. How does it happen in the stock market world?
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