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Is the Private Market Coming Down?
In cryptos, i would say i don't agree with the the that this is an awful market on two levels. This is not even close to the worst crash that crypto has had. The one thing you can be sure of is that if you believe the internet is going to be a meaningful invention and innovation, that was the best time to buy. We've seen extraordinary capital raises and announcements of capital raises in the last 60 days. And many of the funds, including our own, that went out to raise capital in the fourth quarter or the third quarter had more, more demand than they could supply.