00:00Emily, it's interesting. I mean, you think about the different cross currents right now,
00:04all hitting the crypto market. What are analysts, what are investors saying about what the path,
00:09what the charts look like in the near term ahead?
00:13It's definitely proving to be a tricky one to predict, not just because of what we've been
00:17seeing in the past. You know, the impact of the Iran war has been significant on Bitcoin over the
00:22last few months, as it has for a lot of assets, but also what's coming up. Interest rate hikes
00:26are making things rather uncertain. Jobs data last week made things kind of uncertain as well. So
00:30what we're really seeing is a real mishmash of things hitting Bitcoin at a moment in a time when
00:35it itself is still pretty fragile and can't take that much more of a beating it really feels like.
00:40So as you said, it sank below that key threshold of 60,000 on Friday, and we're starting to see
00:45it slightly recover somewhat now. But to be honest, it's struggling to stay above it.
00:50Talk to us about the significance of Michael Saylor divesting some of their crypto holdings. I mean,
00:54again, the number isn't that significant. It's negligible, actually. But it's really the whole
01:00sentiment that spooked a lot of investors, Emily.
01:03Yeah, I mean, Michael Saylor is best known for espousing things like, you know,
01:07sell a kidney before you sell any Bitcoin. I'll never sell any Bitcoin. Bitcoin's worth more to
01:11me than anything else. That's the kind of stuff you really hear him say quite often. And so when
01:16MicroStrategy moved to sell some of his Bitcoin, that really did unnerve people. And to Strategy's credit,
01:20it did warn people that that could be the case. The digital asset treasury model has not been
01:25doing amazingly over the last year, particularly with Bitcoin itself sinking so low. And so we did
01:31not expect this to be on the cards. But that said, you know, it's the first sell they've made since
01:352022. It's the second they've ever made. That is definitely not a good sign if you're thinking
01:40about where Bitcoin's headed.
