00:00 Speaker A

So what would we rather talk about? Andy’s new glasses, daylight savings time or the price of Bitcoin.

00:04 Andy

Let’s see. Yeah, daylight savings time feels a lot like crypto right now. It’s just a small change, but it’s like there’s no energy now. I feel like it takes me the daylight savings time lag. I can fly to Asia, no problem.

00:15 Speaker A

I know. What is it? Why is that?

00:16 Andy

It’s for one hour. I don’t know. It’s

00:20 Speaker A

Yeah, so you so so so Bitcoin’s a low energy daylight savings trade.

00:24 Andy

Crypto is so low energy right now, and I think people are I think they’re lunging to, oh, it’s such a volatile asset. Oh, it didn’t, you know, it didn’t behave like gold last year. And you know, we had a tremendous drawdown. We had these two big liquidation events on October 10th, which is still working its way through the system, right? And then we had this other event, which was very focused in the Ibit ETF and Ibit options market on February 5th, which also took, you know, a lot of a lot of wind out of the sale. And since then, right? We’ve had five weeks Bitcoin’s been between whatever 62 and 72, which if you take out the liquidation kind of pulses, that’s basically nothing, right? Ether’s hung out around 2000, Solana’s hung hung around, you know, 85 bucks. And so we’re not where we want to be, but given everything else that’s going with oil and with equities and with the Vix hitting 30, right, oil hitting 110, gold priced to perfection after its, you know, kind of after party last year. Um, crypto has kind of found a pretty solid bed to lay on. Now, it doesn’t mean we’re not going down and trying to plum new depths here, but the stability and the lack of volatility, I think is quite encouraging. There’s just not enough energy to get it up.