Bitcoin positioned as inflation hedge rather than risk asset; stocks pulling back while crypto rallies strong.

And if you look at the S&P, right, we're pulling back. So of all times, like Bitcoin missed out on all of this upside. Now stocks are looking a little shaky, like the indices specifically and crypto is ripping. So I think like the argument, right, we had this idea for a while that BTC and crypto, right, is a risk asset because when risk did well, when stocks went up, Bitcoin went up, that kind of dislocated during 10, 10, we caught none of this upside on stocks. None of this, we caught none of this upside really on stocks in crypto. Now it seems more like Bitcoin is back to being like the hedge against inflation, inflation, debasement trade. If they're going to buy back long tail bonds, meaning the 30 year, right, refinance was short term, print more money to handle inflation. Generally, the dollar goes down, which we're seeing, right? And gold does well, which we're seeing. Gold broke out of that downtrend line. So we're seeing stocks sell off and we're