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mbre Soubiran: (02:10)
Yep. So I think it’s a great question and it’s true how seeing how all the different narratives for bitcoins have evolved over time. I think it’s really interesting to look at that now from a more macro perspective and say we’re seeing more and more institutional drive and institutional demand for bitcoin and the cryptocurrency world, the larger spectrum, but within the context of bitcoin. So let’s, I think, take a step back and say, okay, but what is a macro asset? So macro assets are assets such as it can be indices, rates, affects, sovereign bonds, things that are mostly driven by geopolitical and macroeconomic factors. And they generally move with large market moves in a relatively predictable manner. So they have a constant correlation with typical risk assets.