My next question, what advice do you have for enterprise leaders who want to ensure their AI agents handle complex real world moral dilemmas without making hasty or biased decisions?

This is a huge topic.

It's one of my favorite because it is so interesting and it kind of blends the philosophical, the psychological, and the technical.

So first of all, AI is not amoral and AI is not inherently ethical or unethical.

which is an interesting paradox, right? Part of it is all frontier models have been coded with some sense of morals by the frontier labs.

This is not a bad thing and it's not a value judgment either.

I mean, a lot of these are pretty sensible morals like, you know, don't generate images that are, you know, would cross any kind of boundary.

Any thoughts on how one should go about making that decision?

Should we look at the productivity of that CapEx that comes from that differently than different type of, of CapEx?

We, we, we should, but we also really need to look and underwrite the CapEx financing.

What we've seen is we've kinda run past the free cashflow that the hyperscalers have had, and now most of this CapEx, it's...

Or I should say most of the marginal extra CapEx is getting funded through debt, a lot of it in off-balance-sheet vehicles and private credit.

And a good example of this was actually what we saw in Alphabet versus Amazon's earnings, where Alphabet said, you know, "We're gonna boost CapEx significantly," not really driving that to demand and connecting it, and we saw how their stock underperformed after.

Amazon said, "We're boosting CapEx meaningfully.

We see the demand coming in from AWS." They had a great result, um, in terms of their price action after.

So then where's the right place to invest if that's the, if that's where you're looking for growth right now?

mega.

The institutional impact has been great.

And we've seen a lot of corporate treasuries get really interested in Benji.

By the way, to be clear, these are not digital asset investors.

These are people who need that transaction.

And this is something that I think I've seen over and over, is blockchain is always the first step for institutions.

This is a technology that allows me to do something I simply could not do before in a safer and more robust way.

Sure.

Do you see Bitcoin back to the 100,000 mark soon?

I don't know about soon, but I definitely see Bitcoin clearing that level again.

I would expect this year.

I think the other thing to remember is, you know, you mentioned some of the other tokens and one of the things that I think is most important about the space is it's not a monolith.

When we think about tokens like ETH, which are really closest to a technology network.

If you think about some of the fastest growing companies to a hundred million, two thirds of them have been crypto related companies.

When we think about new ventures being listed on Ethereum, there's a lot of projects that are really powerful.

How likely is that? Could that be also boosting Bitcoin? Do you think people are trying to move to Bitcoin as a safety?