Barry Silbert

I could go on.

and see, oh, here's what Barry Silbert is talking about.

And for those listening, he's like one of the original Bitcoin investors and is of that cloth, really, really OG, visionary kind of guy.

And I would just look at his stuff and say, okay, cool, I don't need it, close the app.

Yeah.

It's Barry Silbert.

Yeah.

It's Grayscale.

If the halving price is at, you know, one 10 let's say and you know we end up going 30 above that that's a real yawn right and uh but on the other hand if you end up going uh you know into a super cycle where all of a sudden you have a god candle from supply shock you know in the first um you know uh supply shock um well the first supply shock i suppose it was a 2011 when it shot up to 30 but nobody was really in it at that point.

The first one, when you actually had institutions involved, was when Barry Silbert started his Bitcoin trust and got about $100 million invested from credit investors into Bitcoin in October of 2013.

That month, you started with about $100 Bitcoin and you ended up with close to $1,000.

So that was a supply shock.

Yeah, yeah.

So, I mean, famously, Barry Silbert, you know, purchased some ETC at the time of the fork and said, you know, that's my first ever non-Bitcoin, you know, digital asset that I've been involved with.

and he said i don't know if he said like he thinks there's a 50 50 chance or 25 chance that etc would you know would would win would would become larger market cap than ethereum in the end um and then from that grayscale side um They had, that I think was their second fund that they had, you know, in this period where you had private funds before ETFs, you know, happened.

So for a long time, and even now, they had a fund holding ETC and a...

So you guys did so well at like 21 year old that you got acquired by the digital currency group.

What is the Digital Currency Group? So DCG is a conglomerate in the crypto space, one that's been around for a very long time, led by Barry Silbert.

He's kind of one of the OGs.

Lots of respect for him and the businesses he's built.

Digital Currency Group is not a single company most people would recognize by name.

It is a holding structure built by Barry Silbert, sitting on top of Genesis, on top of Grayscale.

the firm behind the largest Bitcoin and Ethereum investment trusts in the world, and on top of a media outlet, Coindesk, that covers the same industry its own sister companies operate in.

Genesis was the piece that touched customer money directly.

I did two over the weekend.

And I spent today explaining what a piece of shit Barry Silbert is and how awful of a product GBTC is.

So that was fun.

And then I'm going to do something really positive tomorrow, Brady.