Bitcoin Is Going to Emerge as the Winner

I think the competitive advantage will roll relatively quickly, but it might be Bitcoin treasuries. I agree with you with your points that it's going to be huge and that it really is a matter of creating the infrastructure at this point. And so they're going to be able to build out that infrastructure more quickly than Bitcoin. But because ultimately adoption of the underlying asset that is the collateral is the constraint is the bottleneck that Bitcoin will emerge as the winner.