00:00 Speaker A
the the sell-off which is coming which is getting pretty severe in crypto, that bleeds over to the broader stock market or is it already bleeding over to the broader stock market, looking through the prism of what we’re seeing in AI stocks?
00:15 Speaker B
Yeah, thinking about Bitcoin and cryptocurrencies, it’s certainly one of these investments that are the most sensitive to sentiment swings. There’s not really that much fundamentals to provide that confidence to to lean in on on on the pullbacks. Uh of course, you know, that that remains a highly sensitive asset class to liquidity, rate cut expectations. Uh so I would see the the signal as potentially some froth coming out of the market, which is not necessarily a bad development. especially as I said, that was one of our primary concerns heading into 2026, some of that excessive optimism and the fact that we are seeing this recalibration now potentially prevents uh presents a better uh setup. Uh it’s been a still a good year. We’re talking about double digit returns for the S&P, so many may want to protect uh some of these gains. But I don’t think it’s something we should be extrapolating that this will continue or turn into something more nefarious if you will.
