Saylor Invests $4.6B for 51,780 BTC! Top Signal? | Crypto Town Hall
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Hi, john. How are .

you do? Are .

you looking to shoes? I've just been looking at the main point market. Holy shit, like every week as a new nine figure. Mean point is meant that I wants at one point four billion dollars.

It's insane. We actually created like a little bot before all the new coins that are listed on the crush, and we created a little telegram group. So I give the access, alex, in here as access now.

And it's like every it's like almost every going that's getting listed out there. People are just going crazy. It's like all we have the entire market is basically bitcoin out ones and that mean points and there's no in between.

And my question would be like what what else is getting launched? The actual l ones outside the mean going to has value like that. So i'm trying to understand, but IT is a mean point market right now for sure.

If you, if you miss peanut, you could have got W P peanut. You must W P P A. You could get baby peut. So, uh.

things are moving the W, P, P. And baby, I don't .

think thing crazy. The the way that these projects have been launched at like five hundred k six hundred fifty k market caps is that even if IT goes to ten or twenty million, you know for the ninety eight minutes, it's there. A lot of people are are doing pretty.

Sm, abd, it's instated. The numbers are insane.

like I, I, I, the whole narrow of my super cycle for music. This is unfair that that was unlikely, possible, unlikely. And I expected that liquidity eventually flown into the other startups. Would you seeing that we seeing more, more indicative about .

hard to create an actually start up like finding founders that are like risking everything and giving up there day jobs. And I have to have conversations with their significant others of their wives and letting them know that they're onna spend the next like eight years that life struggling you to to a level agree that most society doesn't struggle to to create something verses like he, me and my bodies just like a launch liquidity pull off pup that fine did twenty eight thousand percent and were then we're like out right like though like deleted humans naturally you're going to kind of flow towards the east air path and and we really need some stand out founders that will decide to take the path less followed in order to start to to create real projects over here than making sense.

Very thinking still that we're going to get the psychology looking for them from those to the present I C tokens.

Yeah yeah. I still do. But it's like was some investing heavily, but I I want outline i'd like to say our focus hasn't heavily shifted to me, going like very heavily shift to me for once more than ever before. But we still have this like but i'm not letting get impact.

Our our a precise I sorry, our our utility talking team, which is still growing pretty quickly, not the inside of such because I I think even though mean, there's no return of this, my team, there's no asset right now on this planet. And that compares the the A I understand some ways that doesn't have the liquidity. The immediate liquidity event, like nothing else, is has the same return as meme coins right now, which is sad as IT is IT is what IT is and as even the platform.

So I came across the today, I D sides been gaining lot of attraction. And but there's one part of by sina, I haven't read into IT. Sure anyone has perception what they do to live, leverage the, the, the hype of mean points.

The fund, the fund projects is dogs want to raise money for some new drug, some new experiments. So you use, you put an application, find this to the correct, you put application for a new drug you want to develop, and that people would bet money depending on on harm. They believe in the team in the drug.

They bet money, like me, corn. And every time I hit a certain market cap on certain funding for the project, very, very read. Saw IT today. I want to be, I gonna shortly, or you may be jump on tomorrow day after and go through IT because is fast. I can leverage the whole me model for things that have .

to let really the last month or two, I think that the first people were evening out a little bit before. I think some of the AI stuff your time, that is where i've definitely seen IT. I am very curious to see if this last because there's kind of two things I can see.

I think this is one we've talked a lot previously about how a lot of the mean going to last year is due to the fact that you can kind of legally launch a meme coin, but you can't launch your utility token under the current S C C. regime. And so people just kind of started turning in doing the mean going really heavily.

Um and so the thing i'm curious to see here is a funding projects using mean coins is a, hey, people have realized this is cool and that counts out of the bag on IT. And this is basically going to just keep happen this way. Or assuming we get an actual regulatory framework, if people go back to, uh, just kind of much more traditional forms of token funding on IT, I think obviously, I think this is another great what people love mean coins. I think this is another great example of how investors are left far worse off by the current regulatory regime because you basically just have people like aping in and dumping money in mean coins with no insight into its actually going to get used to build a project like zero transparency across the board. I think it's kind of terrible compared to if we just had like a good basic regulatory framework where people could raise money for these projects with like some basic level of disclosure.

no. But what's weird, alex, that I thought the meal in hyper take a hit when come point? Maybe short term gain, but medium term long would not be too old, too good, because of the signature framework in the U. S.

And people other countries will follow, will become more friendly to the start up to the tokens, be very they to clean up what would and the target midpoints value with the perfect acid plus of target, target the bad actors, because they see more bad actors in the meantime, space, the little space. So I would have expected a trump in to potentially be negative medium to long term to mean points and positive to questioning. That is yeah.

that's the big question. But for me, i'd say the train is obviously good short term for me coins just because everyone's excited and pumped and like that. Yeah people going not sign IT then um but that can one thing is that should be a barish in the medium to long term mate for maintains and bullish for utility tokens. But the thing that I like that work worries me here is the number one, the cat might just be out of the bag and you have a bunch of people who've realized that they rather raise the money. And of course, there I think there is definitely a negative selection bias in the long term of people who are using something like a mean coin based funding regime verses something where you actually have some sort of regulatory regime around IT.

But I also don't think like part of this depends on who gets picked for A C A head is i'm not sure they're gna go after anyone who's not doing an ought scheme on crypto O I think those going to be a lot of hesitantly to go after anyone who's kind of in the middle ground you're doing means because what you're going to have is you're going to have a bunch of people, I think, who end up ragging on these meme coin back token, you know, projects who were going to be like, what do you time? But I never said I was gonna something. I was just running like a fun mean and like IT went up and IT went down and that's what people expect with me. So yeah, I don't know how IT plays out, but i'd say i'd really prefer there to be a good regulatory framework people can use here and that people raise money for projects that way. But i'm worried that the cattle be out of the bag and people just go heavy on the same coin, fundraising.

That's so I I think that .

Alexis .

saying sort of what I was thinking in terms of the longer term, but we need to regulate framework for IT. There is not a whole lot of difference between the notion of crowd funding. Uh, no, in there there are regulations that you know yeah yeah, there are some crowd funding ings of going on under under the S C C.

Regimes, but is highly regulated and doesn't necessarily do you know, accomplish anything close to what you get with the mean coin. Because with the mean coin notion, you get immediate liquidity and you got a lot of people who are gambling. And we all understand what IT is.

And and we're in the society now where people like to gamble, they always have and means are just a way or is just basically it's advertising, right? You know it's like IT is what IT is and people jump into IT. The question is, can you build a network that could be monotoned and always has, has been that way, whether it's on behalf of a drug of a company at setup.

But the more interesting one mary will leave this one with you is the proposal that I saw, which Frankly will be all all wait to see whether that happens but if in fact, trump made IT such that every american company who issues a crypt o token as part, you know, I presume ly for funding for that company can do so where the people who buy IT will not be subject to any capital against taxes on those things, imagine how will there be any U. S. Script companies or companies that could claim to be crypto not launching tokens.

And just to think about that for a heartbeat is a very big implication. I mean, you know, sitting on the board of of the crypto company that I hope coffee mean, I can't imagine if that actually happened. Uh, coin routes not is showing a token and at which, by the way, you know we thought about three years for a variety of reasons and always rejected on the basis of the the S C will come after us and that is a big deal.

So it's not just means it's all crypto companies. And then the question of means will mean coin developers who reside in the U. S.

A R package IT to try to say that there's utility. So there's all sorts of this is good for forty chest. We need to see what rules actually get done, but understand that it's a very different game.

In the other point alex made that's hugely important is an unfortunate is that if every company believes that they won't get prosecuted unless they commit for other nip lation, then you might see a lot of the more aggressive companies going in and launching these things. Now why i'm mentioning this, mario and the are mentioning a for a specific reason, the bubbles tend to collapse when people realize they can issue more and more and more. So like the internet bubble, the most famous one.

Another history happened, IT collapsed when the IPO market went absolutely crazy, and there was just so much supply. Not not saying this gona happen yet, but just like you saw in the mean world with pumped up fun in two million mean coins, uh, having A A big problem for the the second tear mean market. Uh, I think we can see a similar thing, but this is all longer term, right? You know, we have to see how this plays out, but there are a lot of interesting implications.

Didn't expect us to go out the meme coin rabbit hold twice in a day day. But here we are. We did a micromanage this morning as well.

Yeah listen. So when he comes to bubbles, right? And I think that's really an important point for us to really realized when the old coin cycle will start.

But we gotten really remember that mean coins started in twenty thirteen with doge. So I don't see mean coins as a bubble anymore. I had multiple bubbles has evolved over time. And now IT is confirmed itself as an asset class, as a pacific sector. By the way, can you guys hear .

me return a good? I can. So I don't .

think that meme coins is a bubble anymore. It's already certified. IT has its place, is a fun way of gambling.

IT has crazy returns. It's more fun than, you know, running a rule lets machine is stuff like that. So but what I do agree with is that we need to form new bubbles.

So there are two type of bubbles that we need for the current all coin cycle. We need the bubbles that are reforming, or the new bubbles. The bubbles that are reforming is will game of. If I be able to get back on track with projects like gun zilla, you know, will that be able to ignite a new bubble that will then push up all the game of five tokens? Right now we're seeing that A, I, I and D, C, I are the two big bubbles .

of this week, right? They're not performing. All the other .

decide like D, E, S, C. I have you .

heard of bro? I'm stuck, James. I no, no idea. That is the central decentralize science.

which by the way, I think it's one of those premature bubbles. So as we say, they are reforming bubbles and new bubbles. The reforming bubbles are the ones that come back eventually, and that will guarantee and certify themselves as a new sector asic class of abasic class.

But right now, Scott, there's this weird phenomenon called decentralized science, which is essentially specialized biotech and data for healthcare institutions. Decentralizing, the research side of things publications, transparency, IP for drugs, coding, the medicines, e signature for consents and all that kind of stuff. And we know that the farm, macy cal industry is definitely lacking trust, and we will need a trust this network.

But I think that is an example, Scott, of a bubble that is newly farming and that will never succeed in this cycle. It's going to just pop at the end. All the projects will go to zero besides a few.

But A I five, for instance, is a reforming bubble because we had singularity net and other projects building A I I already the previous cycle. So all of this to say that mean coins are already a sector it's going evolve. Of course, over time we want may not looked away, looks like today's going to transform, but we really need these reforming bubbles and new bubbles for us to set the new all coin cycle.

And I said the audience, I heard this.

yes yes. I just want just wanted continue my descent into the generation and the dig encysted the world. Um i'm actually pretty bullish on D L. Walker guys do what's actually happening um now i'm not doing this I mean coin just to be clear, uh, that has been copied. But the basic premises, if you try to do decentralized clinical trials, one of the biggest chAllenges is you have to figure out different and points there that uh, you can trust.

So if somebody's going to a random practice to get a certain drug, uh, how do you know that they actually receive that drug? How do you know that that drug didn't have side effects in that that dr is not just taking advantage? We today we use something called in or research organza or C R O S.

There are crazy expensive. All of that completely goes away if it's built a, especially if it's going to to get to the medical record. Beyond that, there's also other approaches that you can use D I to share medical records to do uh where where you can do like actual research on existing medical records. There is a lot of really interesting things happening in that space um especially at the intersection of blockchain and A I I just think these mean coins are taking advantage of and not really doing any event.

So because I am I remember my first cycle of two thousand and sixteen, two thousand seventeen. And i'll never forget because I was pride, the worst investment quote and quote that I ever made in my early days. Encrypt a was a haien tory toys.

I remember that p two was the token P T. So why they went down like ninety percent and then obviously itea year and sold IT. Then I went up like seven thousand percent in five minutes after I sold IT.

Um office, what is zero? Uh, as a tradition. But h this is very conceptual.

This isn't new. That was medical records on the block chain back then. And I was two thousand sixteen, I think so, you know. And there is a .

reason why that has not happened yet. But I do think that the underlying premise behind this resurgence has to do with arf, kate taking over age of js, and they are being less trust in who, you know. Because if you fix the pharmacology industrial complex, you have to fix the people they are doing the research two, and the people that they are using to do the research.

And so if you're going to reevaluate this from the ground up, one of the biggest offenders are clinical research organizations who have been hired by farmer solar companies to recruit doctors to do these clinical trials. Does anybody see the problem there? There's clearly an issue, and I think that people are saying, hey.

they're going to require, if no, you guys did as well. I'm yeah, I figure you IT.

Is that Better? Yes, you're good. Can you hear me? Yeah, I was going to say that the underlying assumption, the reason why there has been a resurgence because there's a connection dart of gay if R F K. Julie is not full of hot air and actually believes what he's saying around the value of of of crp to and blockin and bitcoin, other things I think um the allowing assumption is that we're not gonna trust all the dromedaries in the industry to do the research, which is why I actually think that we will see an actually utility of D I.

I just don't think that. Can I just comment on that real quick, scot? You know so what you're mentioning, Scott, about that previous medical records on chain, you know, I think there are probably worse some projects, but IT wasn't a bubble persae, right? IT wasn't like a hot sector or acid class. So if any of you guys out there want to gamble and want to put money in d ci, just as a precautionary measure, invest in the projects that have a lots of funding, that have a huge war chest, because I don't think this is going to happen. I feel scot, like this is like security tokens and twenty seventeen member that sky, what everyone says, security tokened is the next big .

thing is an the four years .

the first time .

we talking about. Member, I don't know the diverse is coming back, but I mean, like you know, we were community. Why is everybody is one hundred percent sure that gaming was beefing last cycle and we know that i'll probably be, to your point, the thing this always a circularly american.

Yeah exactly. So if you if you really want to gamble guys with these new farming bubbles as we're talking about, not the ones that are reforming, the ones that are reforming, I think there's some really good place to make.

Make sure that you have a project that has received a lot of funding because they will be able to survive at the worst case, your single earlier, Scott, maybe the next cycle and the next cycle, if they do have a really big watches, which I believe for pharmacy ticket, if you want to really democratize data and you want to democratize funding, because you know that the pharmacy tics industry is an a cartel that is funded only for profit and it's a real, real business. So you know, if they find curious for cancers that are not so common, they're literally even if they have the drug, they are not going to produce that truck. They're not going to manufacture or commercialize that drug simply because it's not really positive.

So there is a use case for that. Obviously, a lot of you out here, probably because of what happened in code, you realized OK wait blocked ing is built for trusted networks. Do I trust the pharmacology industry? hello. So yes, I do see a use case, but if you guys really want to double to design, I would just really go on the projects that have huge, huge funding or that have a token that really pumped where they can sell some tokens to survive this cycle. And hopefully .

the next one .

with me and me, which I can believe that a thing where you can merge that, that something about you lately but science and means, I don't know, maybe we should just keep those to separate in this case.

But obviously, talking about the coin trading up today at the moment of pushing almost ninety two thousand or ninety one thousand seven to twenty and looking at on the ticker here um and the biggest series and biton obviously a sale best four point six billion for five fifty one thousand seven hundred and eighty eight coin holy mother of god, that is a lot of bitcoin at eighty eight thousand dollars a token. This I haven't looked that this has to be by leaps and bounds as largest purchase by dollar amounts ever, power point six billion, and clearly never stopping here. Uh, do I don't know that a catalase for upward movement.

I think people have come to expect the tailor is going to buy whatever he gets money. I'm taking a look at the chart， Peter, here in the Price action to me, IT looks like we had this huge move up, you know through the previous salt time high around seventy four thousand or just kind of consolidating here around ninety. But nothing he's looking .

barrasso to me.

No, I mean, I like I put out a treat I think glass way when bitcoin declines is just waking at same by me um you we had a big move up. We have really not even had a correction. I mean, it's not in common for bitcoins, bold, marketable, twenty percent corrections.

You go around no one early years, of course, questions a lot more severe than that. But when we get the strong thrust in bull markets to cause the sixteen, seventeen, nineteen, twenty, you know we have twenty percent cracks are just waking. Actually, when a declines ten to twenty percent, we can even get twenty ten percent.

So this isn't an extremely strong market. If you just watch how you trade, you watch a tick by tick. It's a market that go on up uh, with with buyers just taken anything, just offer IT is going to busy.

You know people say, well, we don't have the big, big volume. Therefore, this is not a legitimate all market. Legitimate public markets go up busy.

They go on small volume. That's what's happening. And i'll get concerned if we come in here and have a day with huge slogs of volume.

For me, that would be a local top. Until that happens, we go up easy. I mean, my target bitcoin for next year, you know, one thirty five, one forty five in that area.

And you know, we could fire or shoot that, who knows? But yeah, there is there is no reason be a seller, in my opinion, a bit coin. If we get a ten percent correction shake out, those are buying opportunities.

Course, you guys already talked about the main coins, which I don't really follow. But if you look at to the small capitals, you know we've got enormous moves, rip, huge move, although ripples in this party significant resistant at this level here now. But you know, there's strength across the board, but again, never less for me.

Mico cones good. Going going good. I do I do not own a little bit of salona. You know I like I like to look at that chart.

yes. Yeah, I think that's a that that's an absolute rocket right now and it's been uh, leading the market, I think, all the way from the bottom. So that seems like good ads on, but to continue to outperform in the bull market h as well.

Peter, just before we go, go to days when you looked at the big coin chart, you obviously at the clearing level, i'm in a coasted seventy three thousand eight thirty five. Obviously the previous all time high for march, we broke through on election night on significant volume with a large candle IT hasn't technically been back tested as support. Do you .

expect that to happen?

No, when you look at where the meeting of the moves are, uh, you know which are all, by the way, you post them, but you go back to history. And again, we don't necessarily have to repeat. History doesn't repeat top t rimes.

And if we go back and take a look at really where the meat of the moves have been in the past, IT doesn't go back and walk, you know, IT breaks out and goals that may pause, that may have a twenty percent run in a ten percent correction. I really do not expect to see bitcoin go back and and and and take a peak again at that in the seventies level and that the seventy is coming down for for this cycle. Anyway.

what's the basic, Peter, that i've seen people on twitter not naming names, but that were you know, waiting for bit going at twelve thousand dollars when I was fifteen now saying they are looking to buy at seventy four on the death who haven't bought that entry.

You yeah, you know, let me tell you, i've been given this for fifty years. I been wrong. A lot of trade is really good traders in a lot of chance.

And here is the reality is people would say, i'm gonna buy who who only, lets say if they own some big coin and they say, I want to load up and we get at seventy two. The reality is, if we did get seventy two, they probably say what they own ah I mean that's just mentality. People say, yeah, I never have to step in and by give me seventy five again we get to seventy five there not .

buyers are probably seller yeah hundred person hundred .

yeah a couple of things. First, you know, this market is probably best described as what would happen if a lot of people felt that they needed to be buying because they think that this cycle is going to see a significantly higher high, but are trying to D, C, A cost average. I E, you not like to pick spot.

So effectively, what you end up with is accumulators looking to accumulate, but not why to push the Price. And when that happens, every time there's a dip, the algos that they're using or their their, their own fingers, if they're slow, uh, are going to be buying. And that that is literally what what IT looks like, and that's what the market feels like.

But what is fascinating today is IT looks like a chemosphere is going on. So you know, as we've been talking, the coin went from ninety thousand and change to pushing ninety two right now. And at the same time, if you look at the the C M E futures, the november futures, which expire in eleven days, are trading around five hundred dollars over.

So you know that's fifty basis points are in nine days. That's that's a crazy interest rate. And so there are people who of course, gonna sell the futures at that Price uh, in order to make money, you know by trading the cash in and Carry arbitrate that as the question of who's budding at that Price.

So obviously, there are people out there hedging either derivation positions or blocks uh, in futures. If you look at perpetual swap, perpetual swap are trading uh, a cup when at the inverse perpetual there eighty dollars over, one hundred dollars over. And that's why the funding rates on the exchanges are at elevated levels, not not crazy elevated levels, but pretty elevated, uh, for at least the short term.

And so what you're seeing is patient buying and speculators or header s you know, professional hedgers saying, okay, I need to get new liquidity and hedging and that's why these moves get exaggerated. Now this could continue for a long time. Often when you see this signals I said this morning, short term, top sole of obviously, you've gone higher since then.

IT just tells you that the the real question is people are trying to figure out where real liquidity is. And that doesn't happen because Michael seller did what he's doing that because people are realizing that every time you see a significant rally in bitcoin, he is going to be participated because IT makes him IT freeze up funds based on his unique financing arrangement to be able to buy more. But it's not just of them, it's also minors, uh, and it's also you know marathon announcing IT.

So there's a lot of nason demand here. And the question really is at what point do we go into true Price discovery? And I don't know if now is IT.

Uh, I just know that IT feels like IT wants to do that. I mean, my my personal belief was that we would cool our heels here for the next you know at least several weeks. Uh, I don't know from the marker perspective, IT doesn't necessarily feel that way out.

Yeah.

i'm in a pretty similar place.

I think obviously, you know you don't rock IT up. I don't know what was twenty or twenty five percent on fundamentals. That was very much optimism and you know speculation of what's going to happen with trip and also not just like what the U.

S. Is going to do, but what it's going to drive other countries to do. You've never seen a lot of conversation about a lot of different places potentially starting to build strategic a bitcoin reserves.

So you're trying to can get out in front of IT. I think the most interesting thing for me that is still can going again off of what of the people said. The psychology from a lot of like potential retails are focus on the margins.

It's still so similar to what we've seen before, the number of text i've gone from people you know red after trump got like or something being like, should I be buying you know what i'm like you yes probably i've been telling you that for a while um and then you know shoots up a bunch and there you know OK get a full object in the same person of leg well, I guess I missed IT and just like, no, i'd literally told you like, I mean, we might be IT like a local maximum for a week or two. But this is by no means for global maximum on IT. Like you should still keep buying and you still have like a lot of people who are you know like they kind of know IT and you like these are smart folks through a funny good networks and things.

And there's so I think they still don't know exactly what they want to think about the coin in particular, like they're not going to get involved in mean again and things like that. But time of sitting there being like our is they say i'm trying to make a twenty five, fifty percent return this cycle kind of trade. Is that a genuine hedge in the long term? I doing IT, and I think that I think it's that kind of mentality in those people that is part of the ceiling we're kind of sing against very now in this night, you know eight eight to ninety four range if that group. And and this is why we're saying even a week or two ago, I think getting real fundamental announcements about bigger economies and things like choosing to build reserves, other things you should make IT clear that even institutional is gna continue to keep adopting this. Like I think if we get a lot of that and that mentality flips on, you know, kind of that group of people, I think that where you then see the real break out over ninety five, one hundred and shoot straight up to like one twenty years or higher range.

So um as one of the suits up here um I gotta give you guys a different perspective, which is institutional buying. I personally know of at least one family office that's waiting for the treasury pic uh, before they go in. It's not about getting the right entry Price.

It's about knowing the direction, if it's lucky, VS best or versus worsh. Uh, I think IT, it's a very different timeline and a very different thought process. And I think that, that is going to drive a decent amount of decision making right now.

I think the fact that there has been such a delay on choosing who the big is surprising for folks. And so there must be a level of concern. But at least on that side of I just don't think technicals are even playing right now. I think people don't know what the Price is going to be. And I think that there is a broader question around OK.

What is going to happen, uh, in the next few months in terms of in the next few days with the second, I bet you he announced that make as the treasury cyc tary this week, um I bet you that there is going to be additional pro critical um folks coming in. And just as a reminder, if you're looking for an entry Price right now, I danish the the crimson is telling you, do not do not wait, you will not get the best Price. The best Price was a year two years, five years ago.

Right now, it's about just getting an entry point. Make your decision, you might lose a little, maybe if there's a little bit of a pullback. But in twenty, twenty five, can you imagine the ridiculousness that comes in twenty twenty five? Just from a regulatory perspective, I think if you are just paying attention a little bit IT would be um insane to not at least on some. So i'm speaking to the folks that are listening to the show and still are a little bit hesitant about owning big line of the different. Yes, you can make money elsewhere, but bit one seems like .

the safe spend about dwd h wish we could .

run you back.

I think people are actually hitting that bid button, right? Like if you really think about this Price action over the last month, so right, like sailor, all all the big guys like there, they are working with some of the best delta neutral market makers on earth, right? Like and that means that the portfolio when they are investing is relatively insensitive to changes in the Price, right? Like they are.

They're working with some of the best people that are not fluctuating the Price of the point when they ratched a billion dollars in right or more what you're seen. And and you know I have this crazy theory that you know what Prices go up IT means retail is kind of smashing net market by it's not a limit, it's not to stop, right? Same thing when the Price goes down, right? Market cell and that really pushes the bids down and the market making.

You know, firms are the ones that really benefit from huge ub swings in Price or down swings in Price. But know I have a feeling that people are just at a whole that everyone had like matching that by button. I mean, we we just moved up a time.

We're taking a small breathe right here. But I I don't see I don't see this slowly down any time soon. And alexa ve said with sailor IT makes a tony sense when things are moving up so much easy to raise that capital when things are moving up.

And like any good founder knows, when the markets hot, like you kind of strike on the iron art with fundraising, right? Like if things are moving up, valuations are moving up. If you know you have a long term asset that makes sense with your company, you're raising money when things are going well.

It's just so much easier for you. And you know you're not trying to push the valuation the company up to be to a outrageous number that you can't grow into. But why not take that extra thirty to forty percent bump evaluation when things are moving in?

Help yeah makes perfect sense time and I know you're dying to jump in here when we're talking about uh, buying big quainted any .

Price ah yeah I think um you know everything has been said, sorry, I was late to the table. Uh maybe other people said this but when Michael publish microsys or publishes this Price and says right you know we got fifty seven thousand average Price eighty eight thousand um I think is just a huge um help in people's confidence that um you know somebody like Michael sala is still buying a scale at these Prices and IT just helps people on sankers IT IT is the number one thing um when i'm dealing with people trying to get them off zero Victorin and they they're just really patrimony that they're buying. The top of the market is too late.

They've missed the boat um and has been the same story for thirty years is never changed um you know every every Price you know I had someone I was coming, I was doing a space with a bunch of people that trying to get into bitcoin and in with that exactly mindset and someone came up to the top of the space and said, hey, you know Simon and I felt exactly the same thing. Bitcoin was eight thousand dollars IT felt so expensive at the time I felt like the top and I felt like I was in india because as as soon as I bought IT, the Price crashed down a beer um and it's always been the same. You will feel exactly that way.

I remember everybody mocking and tim driver when he bought the silk de bitcoins， thirty thousand bitt coins for six hundred and fifty dollars and then the Price proceeded to crash down to about three hundred and fifty dollars and everyone was like, ah he bought the top of the market and IT felt like, you know, I felt, wow, you spend six hundred and fifty dollars per bitcoin to thirty thousand bitcoin um and so you know this is the reality of um you know of bitcoin. IT is the first digital scarce asset no one gets the Price right。 You always feel like you overpaid and you always feel like you don't have enough.

Just get your head around that, get your emotion around that um and just recognize that every single person that has bought bitcoin every month for four years has outperformed every single lasted out there. And if you think that's about to change and then just try and help yourself understand and and the beauty of IT is some people are going to wait. No, i'm going to wait for the U.

S. To have a strategic reserve acid. Others are gna say, i'm gonna t run that. Others are gna say, H, I wait to the state has IT another ones gna say i'll wait ku has um or wait until this thing is actually known institution lize um and and everyone has the the different entry point and that that gives us a steady flow because I believe in and others on this panel or maybe believe as well, all of that is likely to happen and none of that has to happen neither um and so you know that that is the thing. It's it's a psychological game and not for for me, uh the investors of the one that have won consistently over the years over the long term. And while some traders agree, most of the traders like ended up getting right in the process and maybe didn't end up with and look back and just say if only I had just stuck a bitcoin invested dollar across average um and i've just seen that too many times to know that is the reality for the vorse .

majority perfectly well said, I think a good way to wrap up because I have a doctors point that I have to go. So want to thank to everybody, the panel uh and all of you for listening this shows uh are going to continue to get Better and Better and Better as the ball market continues. So tune in every day will be here at fifteen years from center time. guys. Thank you so much here tomorrow.