00:00Tim, it's great to have you with us and looking forward to talking to a Bitcoin bull right now
00:04because you think about when we were last at record highs above $125,000 per coin back in
00:12October. Certainly feels like a long time ago. In your view, what is the current state of the
00:18crypto market and what is the bull case here? Oh, I think we're running through this cyclicality
00:26that comes with the havings or what they used to be called the havings. And I think we're going to
00:33see a time here where people are, you know, start to lose hope and all that. And then people will
00:42realize, hey, this is, hey, it's a better store of value. It's a better currency. It's a it's a
00:48currency that you can trust no matter what happens with your government. It Bitcoin keeps
00:56perfect records. It's transparent. It's open. Everybody can see it. So
01:05it's honest. And I think and it brings humanity to a higher level. And I think we're going to see.
01:18Yeah, I think it might drop a little more as the as people have to unravel because they were
01:24a little too enthusiastic and they borrowed to buy more Bitcoin. Right. I think those have to be
01:31unraveled and and then it'll resume its upward trend. Well, I'm very excited about it. I think it's the
01:38greatest thing that's happened to humanity. It's it's so great that we now have another way for us
01:46to all do business. And it's like as big a deal as going from nothing to shells or from shells
01:54to gold
01:55or from gold to the promise of gold. Each of those made the world wealthier. This is going to make
02:01the
02:01world wealthier. Well, Tim, it's interesting to hear some of your gravitational pull toward Bitcoin
02:07away from the other cryptocurrencies and they become more and more marginalized each time there's a boom
02:15and a bust. And so I suspect that'll continue. Bitcoin will maybe end up being an 80 percent market
02:24share of all the cryptocurrencies. I think that's probably the way it's going to go. Well, Tim, I do
02:29want to talk about some of your reasoning there, because it's interesting to hear you sort of going to
02:34a back to basis case for Bitcoin, because, you know, we talk to a lot of people about crypto on
02:40this show and some of the reasons that they typically give us is we're going to have regulatory
02:44clarity. That's going to be the next catalyst for Bitcoin, something along those lines. I mean,
02:49do you see that as an actual significant factor here? Is it more, you know, back to the original
02:55promise of Bitcoin when it comes to being, you know, outside of government? I think it's just
03:03natural that people will get very optimistic about something, then get pessimistic, and then
03:08they'll come back and they'll become more optimistic and more things will evolve. And the regulatory
03:16activity in the U.S. is a very positive sign. And I suspect that that positive sign will continue
03:25as various politicians recognize the value of having a currency. I am curious. So, Tim, on that
03:32point about it continuing, I understand the current administration, but is there any concern here that
03:36if we don't start to see a more formalization of regulation and legislation in the next couple of
03:41years, that the potential a new organization, a new administration comes in in three years might not
03:46be so warm to crypto and could maybe hurt some of the progress? Well, it might hurt. You know, when
03:59an administration comes in and over regulates, it cramps down on the innovation in an industry. And
04:08there's extraordinary innovation happening around Bitcoin. And in fact, we have this Bitcoin Fi
04:16accelerator that that brings in all of these new innovations as as those innovations make it easier
04:23for people to operate in Bitcoin than in dollars. Yeah. There will be less and less of a need for
04:29a dollar.
04:30Are we going to see some of those folks on your show? Then when it comes back on the competition
04:35show you have
04:35on Meet the Drapers? Yeah, absolutely. Well, of course, we we occasionally have shows dedicated
04:41to Bitcoin, but generally Meet the Drapers is we go around the world and we bring in entrepreneurs and
04:48about a thousand entrepreneurs apply for about four slots. And then we work it to a big competition at
04:56the end. And it's fantastic. Yeah. And now we're doing kind of a Meet the Drapers with America 250.
05:02Yeah. We're doing America startup. Oh, and that is going to be great fun. I'm doing that with Rosie Rios.
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