00:00My very first comment was about Bitcoin and cryptocurrency outside of the stablecoin world.
00:06Do you have any thoughts about the current kind of situation and how it's, whether you worry about it or don't worry about it?
00:18I don't really, I mean, look, these kind of ups and downs in the crypto world have become so common, they actually have a name for them, winters, right?
00:26So when you start saying something's a season, you know it's going to be a regular phenomenon.
00:31That's part of the game.
00:32You get in, you make some money, you might lose some money.
00:35That's the nature of the beast in a lot of these things.
00:37I think some of the euphoria that came in to the crypto world with the current administration, some of that's kind of fading.
00:48The lack of passing of the Clarity Act, I think, has kind of, again, put people off on this.
00:56The actual volatility is, you know, that just happens.
01:02I mean, it's just, it's happened before.
01:04People are like, oh my God, Bitcoin's down to 63,000.
01:07I mean, you have to scratch your head a little bit and say, 63,000?
01:11Eight years ago, if you just said it was 10,000, you would have said, oh my God, this is crazy.
01:17Now you say, oh, it's only 63.
01:18So, but there's a lot of it has been brought into the mainstream finance and then, you know, things have to happen there.
01:26So, I think there was a lot of sell-off just because firms that got into it from the mainstream finance had to adjust their risk positions, sell, lots of other things.
01:36But in general, look, prices go up, prices go down.
01:39I mean, it's just the nature of the business.
01:41If you don't like it, don't get in it.
01:42That's my advice to everybody.
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