00:00 Spokesman a
One, uh, you know, the currency that continues to be on the move is Bitcoin. We see the tokens near these maximums of about 118,000 coins. We have been about 8% in the last five days here and Lou, I want to get your opinion here, 120,000. This seems to be the next major catalyst. Do you think we’ll take it pretty quickly or do you think we can see a cocktail before?
00:27 Lied
No, I think we’ll get it very quickly, uh, and give you some data behind the reason we talked about it a little before, is to see much more than these digital treasure hunts coming to the market. And, you know, we just actually, I’m on a company board that approaches to do this and diversify itself in a digital Bitcoin strategy. There really is what seems like an unlimited demand for institutional money for these strategies, which will increase prices higher, to lower more marketing. II would not be surprised if we were sitting here next week at the same time and talking about 140, right? We have blown up in 120,000. So, uh, I think this is just one of these trends. That is, you know, we are talking about, uh, we play in over and inertia. This is definitely Bitcoin right now.
01:49 Spokesman a
And you go back to this, uh, you are in this advice of this biotechnology company for cryptocurrency. What were the conversations that led to this decision? Why this exposure?
02:04 Lied
Yes, I think now this is a solution, you know without saying that many companies have because it can be included, this is a way to facilitate the possession of cryptocurrency. Can we still manage our operating business and not be distracted by it, but also raise additional capital and bring another class for investing? So we were a very small company for us. Uh, we can start our surgery with a medical device very cheap for about $ 300,000 a month. So for us this is a way to expand the scope and potential for the company, as well as to get involved in something that is very popular on the market because it is the right vehicle. This is a more efficient vehicle. I’m not just talking about this company, but owning Bitcoin through a publicly traded vehicle is much less friction. Um, you really see the way this trade is a multiple of their net assets, right? So you see many institutions that want to buy those companies that are traded as close to M NAV to observe that the valuation is rising, use this stock market instability to sell more shares to buy more cryptocurrency and a pile of shares. So you see, you know, Anthony Polyano has just raised a billion dollars to do it. So I think it’s a sign of times. How long will it last? That, I think it’s the key question. Is this a forever trend? Oh, I’m not so sure of that, but I think in the next two, three, four years you will see much more than it.
04:07 Spokesman a
How about a company strategy as a strategy to see this shares today? They keep the devil of many bitcoins in their balance. A little too risky or
04:24 Lied
I think it’s too risky because I don’t know where their current M nav is right now, but they, you know, think about it as a PE ratio. You should be careful to buy at two higher grades. Hmm, I don’t get the whole premium. Why? I want to say that at one point you think that all these companies would trade parity with each other, where everyone came up with where that price was. Hmm, but I’ll give it to him. He is, you know, Michael Sailer is a great promoter. Called a visionary. I will use synonym, just like Elon Musk was, uh, and this becomes assessments in the stock markets.