 Today, we have Bundy from Venekia. Your news release this week was outstanding, Bundy. Thank you. It was talking about providing real substantial data that the crypto market is not only here, but it continues to grow. Can you talk to us about this? Sure. So our news release, by the way, thanks for having me. Always a pleasure to be here. The crypto markets are often seen to be something that's unregulated and harder to access. And the exchange-traded products is a vehicle to provide institutional investors access to crypto assets. Effectively, there are listed securities like exchange-traded funds. Exchange-traded products are basically exchange-traded funds or exchange-traded notes, and they have underlying crypto assets. So for financial institutions looking to get exposure to either crypto assets or the yields generated from crypto assets, ETPs are a great instrument. And what we saw last year in 2022 was despite the market downturn, despite some pretty big Lehman-like moments in the crypto industry, the number of ETPs increased. They doubled. And in the last month, this January 2023, we saw the AUM's increase and the AUM's increased at a greater proportion than the overall crypto markets. So crypto markets, as you know, again came above $1 trillion in market cap. That was about a 33% rise. The AUM sets the assets and the management for ETPs actually rose 39%. So that reflected about an 18% premium on the actual crypto assets. So what does that mean? Demand for institutional quality products that can be purchased by traditional finance, financial institutions is on the increase. And that was a big takeaway. And that was a bit of a surprise. All right. So let's talk to our audience. We have a lot of members in our audience that are very conservative. They like asset-backed investments. They are watching this sector with interest, but they do prefer having a bar of gold in their back room. But they don't want to discount this particular sector. Can you talk to us a little bit about how those investors can move into your space and feel a higher level of confidence as they're making investment decisions to round out their portfolio? This is a long-winded question because as you pointed out, institutions are continuing to make this investment in this space. Do I have it correct? Absolutely. So gold is a good proxy for a lot of people. But just like in the early days of the internet, people saw the internet as being a replacement for film or television or radio or magazines. It was all of the above and none of the above. So it created a brand-new paradigm, a brand-new paradigm for communication and ultimately for transactions. Similarly, Bitcoin is not a replacement for gold. It is similar to gold in so far as it is an asset and that's fungible. But it's also like a currency that you can use for buying and selling. But it's also like a stock because it gives you a yield. In this case, it's in the form of staking fees and yet it's got a stored value element to it which is down to the basics of gold. So it reflects multiple financial assets and that's the beauty and charm and perhaps also some of the confusion around that. Is it a stored value product? Is it a unit of measure? Is it a transaction mechanism? Well, it's all of the above. But the one thing that I can say is there's no other asset class by far that has given the returns that Bitcoin and other cryptocurrencies have given in the past 15 years of its history. And that for someone looking at where the next 15 years would be is a bit of a rear view mirror look and seeing what the future might possibly hold for you. And earlier in an investor talk, which you hosted, you were discussing how the international market is a lot more is a lot more aggressive about appreciating what's happening with the crypto assets at this time. And you were referencing an event you went to in Dubai. Would you like to provide our audience kind of an update about not only the audience that was there, but the interest? The approach towards cryptocurrencies is fairly binary. So you have some governments taking very harsh views on it and other ones taking a very liberal view to it. The UAE has become a place where innovation is encouraged in the digital asset economy. And therefore it's becoming a magnet for large industry participants to converge. One such event took place last week. It's called the Satoshi Roundtable. It was a ninth year of its existence. And as the name suggests, it was very crypto oriented. People who were there included the heads of Binance, Tim Draper was a noted Silicon Valley and cryptocurrency investor, among several others. Coinbase, you named the top companies out that they were there. And aside from the large investors, he also had a number of young startups. And that was a real surprise for me. Pleasant surprise, of course. So you saw the fidelities of this world who were showing how they're making crypto asset purchases more possible for US retail investors. At the same time, you saw you had a whole bunch of young companies showing the utility of new products and new protocols coming out. Now, the framework for participating in the digital economy is being created in certain countries. Some countries in Europe, the UAE, Dubai in particular, is also very positive towards that. Japan has some good frameworks for that. And that contrast with some of the trends we're seeing in China and the US, which is much more restrictive. It's on the other end of that binary one. And I think that's to their detriment because countries that are encouraging it are seeing capital inflows, they're seeing startups come through, and they're actually seeing some cool new products that no doubt will be seeing. I'll give you one anecdote here. I was involved with advising Skype in the very early days. And one reason why Skype could not start in the United States and Silicon Valley is because the two founders had set up a company called Kaza. Kaza was a file sharing site, and the Record Industry Association of America had basically taken them to court for a line for illegal music downloads. The consequence of that was that Skype could not start in Silicon Valley because the minute the founders touched US soil, there were subpoenas against them. So almost by kind of default, they set themselves up outside the US, and London became the center for where they started. And that kicked off a huge ecosystem of startups got there, transfer-wise, monetized. There's a whole bunch of companies that started out of London, which became the FinTech hub for many years because the US took a more restrictive approach, and other countries benefited. I'm afraid that something similar might be happening, afraid for the US, not otherwise, because other countries are taking a more liberal approach. In Germany, for example, 20% of a fund manager's allocation can be two words. Securities that basically have crypto assets denominated against them, they are aligned for that exposure. And I think that's healthy and encouraging. In so far as it's done in a transparent and regulated way, many people get afraid of shy of regulation. We actually welcome it because that's going to take care of some of the maverick behavior or even the potentially illegal behavior you've been seeing there. So countries like Dubai or rather the United Emirates and some parts of Europe, some parts of the Far East are far more progressive in their approach towards which I think is going to show long-term benefits for them. Bundy, it's so nice to have a digital asset expert to join us today and provide a global overview. Thank you, Bundy. Thanks for having me. Always a pleasure.