Uh, it's not unusual for you to be thinking about Bitcoin And you were right. last time it was at 4,000 You said it's going to 20, which it did. What's going to happen Now let's talk Bitcoin Let's talk Bitcoin Well, I mean I think yesterday's um, compromised tweet is just a reminder that, uh, you have to find something that you can trust in a trustless world. Uh, which is Bitcoin you know it's been, it's really still an immun.

Yeah brother. Uh, one of the things we're all waiting for is the spot Bitcoin ETF approval because it's really going to be the first on-ramp for a lot of folks to actually use traditional Financial products to get exposure to crypto. and I do think it's inevitable I Think the timing still is uncertain I think many still expect something this week. Um, but you know it's going to be very good for investors to get exposure.

and think, of course, uh, the impact on crypto prices will still be quite positive as well. I I Just when you say when people look for something trusted and you equate that to Bitcoin, the the Bitcoin skeptic group The the Warren Buffett the late Charlie Munger the Jamie Diamonds the Beanie Baby crowd the rat poison crowd. they must beanie Crow explode Uh yeah. I think it.

I Think it still offends quite a lot of people. but what they have to keep in mind is that you know of the more than 10 trillion probably close to 100 trillion of transactions processed on the Bitcoin blockchain Zero have been proven to be fraudulent since Inception And if you look at over the last 10 years, the percentage of financial activities that are questionable on any banking system, it's close to 6% of activities are suspicious. So you know the Bitcoin Proof of Work Blockchain Uh has proven to be uh, quite resilient, censorship resistant. and again, there's never been a Rewritten entry right to end on.

Give me your um, your one year and fiveyear price target for Bitcoin Uh, I think in the next 12 months, uh, something over 100,000 You know, maybe 150,000 and you know in the next five years again, it's you know it's a there's a finite Supply and now we have a potentially huge increase in demand. How much with a spot? Bitcoin approval. So I think in five years you you know something around half a million would be potentially achievable. So mindling.

um Tom Anybody love to hear it says you're just insane hasn't been following your work you might be. but uh, you've got enough credibility with with all your good calls to to where at least I would think some Skeptics start thinking, does it make you think about it Andrew Sure My question to Tom is do you think that this is going to upend the idea that people will buy Bitcoin directly? Meaning people who historically would have wanted to buy Bitcoin Do they continue to buy Bitcoin through a coinbase or through some kind of other platform and exchange? Or do you think it? it basically becomes, uh, not a speculation, but just an in investment through ETFs And that's how this all works. I I Think there's probably a generational divide at work. Uh, you know I think the you know a lot of the younger generation of investors want to be uh, my keys, my coins.

so they want to own now your keys, your coin. That's A. But as you know, there's a a generation of folks that would rather allocate through their 401k or through public markets or liquid assets. and well, you know I mean if you look at some you the percentage of assets held by those over age 50, it's close to 76% of all wealth in America Wow, you know it's over $120 trillion.

So I think that cohort is still going to prefer to own it through public markets and public proxies. Yeah, all right. Tom uh I mean I'm going to pay Black Rocks fee. They'll plant some trees or something for me.

you know, for for all the Bitcoin or they'll do something, won't they? Tom you think? Black Rock Really weird joke to hey Tom Lee A lot of people say he's dead wrong and then when it ends up panning out, he seems to be more right than he is wrong, calling for Bitcoin to hit half a Millie within the next 5 years. If it happens and who knows where it'll go, it's always easy to. Monday Morning Quarterback That would actually be pretty freaking phenomenal.