00:00you've said that that digital credit will be bigger than spot etfs could become a three trillion
00:05dollar market the entire digital credit universe though is these two products sata and strc
00:11how do you get from these two products to three trillion dollars in in in assets so so my view
00:18just to be a little more precise there i think the etfs around bitcoin are going to also expand
00:22drastically but there is just such a massive need for income in this country and around the globe
00:30that credit markets are massive and there's a reason for that there's a reason that these are
00:34broken so how do you get to that point we're going to likely see several new issuers of digital credit
00:40instruments we're going to see ones tied to the pound one that's tied to the euro one's tied to
00:44the yen and then in the us capital markets which is obviously the deepest capital markets in in all of
00:50the world you're going to see different risk return profiles so some companies take less amplification
00:55pay less yield strives taking the opposite approach we are very optimistic on bitcoin's future and so
01:01we're taking more amplification into our common equity paying a higher yield on sata and then
01:06backing that with a sustainable well-communicated cash reserves and and so i think this could be
01:12really really large and and so the fact that we've seen it explode to about 10 billion dollars in the
01:18midst of a bear market i think shows you what this could be in good times and i think as
01:23it's in good
01:24times as track records are developed and i think these track records are developing very strongly
01:28you're going to continue to see growth in digital credit
01:31you're going to continue to see growth in digital credit
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