 So with the Bitcoin ETF seemingly right around the corner, we don't know if it's going to happen on Wednesday or January 10th or in March. But the question is, is what will the message be for the large institutions like the Black Rocks, the Fidelity's and the ARC, to get people into the door who don't believe into Bitcoin? And I think this question was actually answered. There was a video that was put out by Simply Bitcoin. This is Preston Pish. He is a Bitcoin advocate. And what he says in this minute video is I think going to turn the tide from when people actually hear this message. So just take a listen. Listen to this portfolio construction. Because Bitcoin operates in four-year periods of time with the halving event, I believe that if somebody is buying Bitcoin and holding it for four years plus it's an investment, I think anything under four years gets more speculative, especially if you start going under a year. So let's just say you take any four-year holding period over the last since Bitcoin had a price and you compare that to the S&P 500, but you do it by adjusting your sizing like they preach in business school. So listen to these two different portfolios. Portfolio one is a 2% allocation to Bitcoin, 98% cash, and you compare it to 100% allocation. The second portfolio would be 100% allocation to the S&P 500. Your performance is better with the 2% Bitcoin allocation. You can pick the four-year period of time. It doesn't matter if you pick a top and you go back four years, or you pick a bottom and you go back four years, or somewhere in between, you can pick any four-year period you want in Bitcoin's history and compare that to a four-year period in the S&P 500. The performance is going to be higher around 50 to 80% annualized compound annual growth rate with a 2%. And your volatility is only 1.4% annualized. It's similar to the S&P 500. You're about a 50% annualized performance with the S&P 100% and the S&P 500, but your annual volatility is 20%, which is 14 times higher than a 2% allocation in Bitcoin. I think this is so important for portfolio construction going into 2024. So I like that. Four years, just take a look at what it is and just go four years back. And it doesn't matter if when people come into BlackRock or to Fidelity or whatever else, and maybe they do are actually at the top and it's like, well, you know, Bitcoin today is 100K. That's not a price prediction I'm just saying. But if they go back four years, whatever that 100K is, they're going to see that, you know what, this has done quite well regardless of the time frame. And they can go back four years and four years and four years and it makes a heck of a lot of sense. But what he said there, I think is what the message will probably be or incorporate into some way into getting people to understand about Bitcoin and getting them to say, well, is this really the safe because I hear about this and whatever in the volatility and you talk about the volatility perfectly. And of course, people will say, what about S&P 500? That's the safest thing that's out there. It is the safest thing out there if you're talking about like annualized year over year per chance. But if you're looking to grow, I think what the message will be is like, look, you don't have to put 100% into it, just do like two to 5%. And I think that'll be it. But to really take a look at that volatility, we can take a look at Ben's website and the cryptoverse. We take a look at the volatility as far as S&P 500, the volatility time frame of 30 days. Well, yes, we can see that, yes, it's very, it's actually very volatile S&P 500. You know, there's a range of, you know, 2% to 1% to 0.83. Let's just smooth this out a little bit. Let's just take it 365 days and kind of smooth it all out for the volatility itself. And we can see that, yeah, it's still volatile. If you take it like, you know, over this annual period, 1% here, 1.3%, which is not bad. Let's be honest, it's pretty good. But this is going all the way back to like the 1930s. Of course, that was the Great Depression and so on and forth and so forth. But it does happen. So when people say, yeah, you know, Bitcoin is so volatile, Bitcoin is not volatile. It's the people that hold Bitcoin that's volatile. And we take a look also at Bitcoin itself, we can kind of smooth it out. But yes, there's a little bit more volatility. But I mean, the gains itself are, they really do speak for everything and speaks volumes. So there's this part, yes, it may have some more volatility here and there along the way. But again, taking over four years, it's a lot different. And then I think all they really have to do is just show them this website. This is a website called Priced in Bitcoin. And this is from Sam, my financial friend, great, great YouTube video channel, you can check it out. But what's great about this is that it shows you over a time period how you would actually value things in Bitcoin. And just to give you a sense of what this is, it says how do you calculate the price of an asset in Bitcoin? And it says the home page shows prices in Bitcoin or SaaS rather than US dollars, the price of an asset and dollars divided by the price of Bitcoin in dollars. For example, let's say gold $2,000. And one Bitcoin is 40 grand price of gold, the nominee Bitcoin is 0.05 or 5 million Satoshi. So there's taken the actual asset divided by Bitcoin over time. So we take a look at that and go, okay, well, let's just take iShares, this is the Treasury bond ETF. And if we're denominating things in Bitcoin, we can see that, all right, it's a little bit higher. Actually, let me let me turn on the Fiat option here. And you can do a lot of things. This is a free website. I will link in the description. It makes a lot of sense. But just see right here, like, as things go down, you can see that on 2013, obviously, as the price in dollars of Bitcoin goes up, you need less Bitcoin to buy these things. And of course, things go down. So we can see a big drop off in 2013, of course, all time highs. Again, a four year cycle 2017, again, all time highs and another big massive monster dip over here in 2021, April, and so on and so forth. So and of course, it'll fluctuate just a little bit. But my favorite thing here is we talked about this yesterday is real estate. So if you come over here and click on housing, you take a look at United States Media New Home. And let's let's take this all data that we can possibly get to 2012. Let's turn on Fiat. And you can see that again, and this is I think the message that that they should be sending is like, is telling people like, look, there's this thing called inflation. And we know that the S&P 500 does well in the different commodities and you can compare again. And of course, they have gold in this website as well. But you can see that over time, at the price of a house, of course, increases. But the purchasing power that you have is obviously much, much greater magnitude massively when you hold Bitcoin looped off over here in 2016 and this never let up. And of course, we can see that housing prices just went ridiculous. And of course, here's a here's a nice little touching point of 2020 when we have the corona sickness. And of course, it just blew up. And of course, we just want to help Bitcoin at that point, it would have been a lot better off. And I think that is the message moving forward. Now, if this is too confusing for I think for some people, let's say like this, like simpletons like myself, like, look, Jerry, if you have 20 bucks in 1980, this is, you know, a $20 in 2011 is what you'd get. Roughly would be these amount of groceries. And then of course, in just 10 short years, one of these Bitcoin could get you a really nice car, like a Tesla 67,000 or something like that. But in 2020 bucks, couldn't really done too much as far as shopping. And then today, I think if you go to the grocery store, how much is 20 bucks going to get you? Not too much. Of course, Bitcoin accelerates. And in 2030, we think it could buy you entire house, which of course, that price is going up, but it's up to you. So again, I think this is a this is a great selection of what they'll actually say to move things forward. But let me know what you think about that in the comments section. But I will say this, it's not just about Bitcoin. You can also take a look at the ecosystem that is Bitcoin. Stacks. Now, Stacks is a layer two solution for Bitcoin. It's also the smart contract layer. And when I take a look at this today, and I'm like, wow, is there a spot ETF on Stacks going on? It's up 10% in one day. Everything else is dropping. Even Bitcoin, I was a little bit down today, which is kind of weird. But again, if you're like, you know what, I love Bitcoin, I want to go do Bitcoin. Maybe this is what you should look into. Now Stacks, I've been stacking Stacks for quite some time. I actually bought it a long time ago. It's done extremely well in my portfolio. But this could be why Bitcoin L2 Stacks rises 10%. Here's what's happening. Stacks gain popularity in 2023 on the back of the rise and adoption of Bitcoin ordinals. Again, another thing to actually get into. Stacks foundation come up with the Nakamoto upgrade in its roadmap. This boost would come with faster block generation, improved security, and SBTC or Stacks Bitcoin launch. So that's exactly what the Nakamoto upgrade is going to do. The upgrade will allow users to represent their Bitcoin holdings also in the form of SBTC and the Stacks blockchain. Again, it's layer two. Nakamoto upgrade is still in the test net stage. However, Stacks Foundation had earlier mentioned that it plans to compete or complete the upgrade before the next Bitcoin halving. And it says here, if that actually happens, then the price of Stacks could supremely rally before things such happen. Just a reminder, the Bitcoin halving is roughly four months away. So if you were looking at something to invest into, I can't give you financial advice. If I'm a financial advisor, maybe I would look into little stacks and ordinals and things like that. If you are super convinced that Bitcoin is the only way to go, me personally, I diversify, but that's just me. And then lastly, I would just give a shout out to one altcoin out there. And this is from Nikki Watkins from World Mobile Token. And they're on the Cardano Foundation. And Stacks install a note on Android, connect it and earn daily crypto rewards. No magic and no money, just real-world revenue for running services to the world mobile network. I will link this tweet in the description below. You can see what he's talking about. But again, pretty interesting as a real-world use case, connecting the unconnected. And that's it for today. So look, if you liked today's video, give it a thumbs up, consider subscribing. Everything we talk about is time-sensitive. But that's it for today. I thank you so much for stopping by. I do appreciate it, and I will see you on the next one.