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Bitcoin and the Cypherpunk Movement
When you look at these assets, one of the kind of promises of the cypherpunk movement was these are going to be assets outside of the system. Now it seems like maybe we're getting some bifurcation in the way people are looking at this, right? When the banking crisis happens, we see Bitcoin rally. Some people say, hey, that's because people are looking for an alternative to that traditional system. At the same time, we're seeing the regulatory crackdown and I think investors trying to coalesce around assets that fall within that regulatory regime.