Just look at the past trends in Bitcoin.

I I hope I think we we bottomed at 60K

or so.

>> Bitcoin dropped to 60,000 right now.

We're in like a bare market again. We're

going through a winter.

>> Yeah, I'd say it's a winter. It's a mild

for Bitcoin specifically, but the you

know, the everything else in crypto is

like seems to be growing.

>> I'm still very optimistic about the

industry. If you look at the prices,

it's still 3 4x higher.

>> A lot of things could drive growth of

Bitcoin here. I think market structure

uh legislation passing. I think some of

these AI companies going public. Once

these companies get public and the

unlocks happen, like I think you'll

start to see capital move back around.

>> The winter will always come and go, but

industry is growing.

>> We've been shipping a ton of product. We

we tend to do better like when Bitcoin

is down because that's that's our core

focus.

>> This winter, no, 60,000 we think is

really low. Everyone's like panicking.

Last winter, four years ago, it was

16,000. There's a lot of parallels

between November 2022 versus now.

November is like right post the FTX

crash.

>> Sure.

>> It feels like yesterday. And then

December right on the bottom at that on

that cycle. So there's quite a lot of

similarities in mood. Crypto goes in

four year cycles. The industry is still

growing.