So given this will this change the game. It's definitely a game changer in terms
of a software update. It is the most significant thing to have
happened to Interior. To your question about the flip inning
whether it's Shery Ahn will become bigger than Bitcoin.
I do have my doubts. I'm incredibly bullish on both bitcoin
and interior in my personal portfolio. I hold both for the long run.
This means for at least 10 years from now.
I do hold a degree on right now around the world because I've got some super
bullish around the efficiencies that you guys pointed out right now.
But you know anyone who is writing off Bitcoin I think that's too soon.
OK. Would this be a vote then almost a
referendum on what's better than if this goes to plan if
the merge goes successfully of course it's the second half of the process.
What does it mean then for the future proof of work.
I mean I me these are not necessarily competing concepts but they're different
in the sense that bitcoin is more akin to gold.
It is also the biggest and largest cryptocurrency having been around the
longest you know performed very well in anticipation of the inflation that we're
seeing right now. So a better version of gold.
And then you have A.M. which is useful for a number of
different things is building out the decentralized world of finance which
makes what does also play a role. So it is very different in terms of
narratives and concepts. And I think both are useful and with
with with the merge and now the moving to energy efficiency you know where
we are now having this asset class be prime time ready for large institutions
that previously did not via their mandates to invest in only ESG compliant
protocols in companies. You know now they have this entry point
to crypto which is sizable.
So to me are things in parallel now not necessarily competing.
Well what do you think this means for the price of ether.
Has all of this emerged from baked in. And how do you think that's going to
impact other coins and block chains. Listen I bolded around one thousand
three hundred dollars. Rolled it all the way up to thousand to
two thousand. Now it's around 1600.
But there is a case to be made that a large effect of the large amount of the
hype is already priced in. So there might be
a coming down a little bit. But I think ultimately once people see
the benefits play out though the fact that we are now moving from essentially
an inflationary type of assets you know up 4.5 percent the circulating supply
got increased every year and now this gets slashed in half making this close
to a deflationary assets as possible. Unlike the Fed and what they have been
doing you know I think this ultimately will play a very bullish role in the
short the mid and long term. I want to just see the fallout from
three arrows and terror. Here is is that now over with.
It sent chills through the whole crypto world.
And of course it was called the crypto winter for a while.
Is that what's behind this now. I think the worst is behind us right now
because you know all of that is already priced in.
You know we sold almost having on of pricing in the
various crypto assets a lot of blood on the street a lot of retail getting hurt.
And we have been then more or less steadily trading for bitcoins around
20000 with you know short variations to deep on the site.
And the downside. But I do like to think that this has
been flushed out of the system. Obviously very important what the Fed
will be doing. You know this hawkish tone that we have
seen in the past few months doesn't bode well with risk on assets which crypto
quite frankly still remains so. But in terms of the internal dynamics
and some of the downside risks I think that it has been
priced in. And quite frankly they have you know
crypto has weathered the storm collectively well in my opinion.
And maybe this merchant can add a bit more optimism into these markets that
up. And so you know crushed in a way.
Anthony just talk about your operations. You mentioned really this morning
there's been a pause in both your theory and polygon networks.
There's been an effect. Any indications how long that pause is
going to be and when you can actually resume operations again.
Well we are expecting the merger and I think about four hours is not an exact
science depends on on the block chain system.
We have taken all security measures to ensure the integrity of the system just
like any other large providers. I think we should be up and running
shortly after the march if there are no glitches and this really is an upgrade
to your iPhone type of procedure. I am hopeful that this you know having
been in the making for a number of years now will be a smooth transaction and we
can you know operate even more efficiently from henceforth.