Tad Smith

And, um, some of the feedback included, "I couldn't pick a favorite panel.

They were all great." Or, you know, I did hear some people saying the, uh, the panel that Tad Smith moderated with Jordi and Mike Alfred and Crane of Salt was kinda their favorite.

I mean, that's like a powerhouse lineup.

So, um, I, you know, at, at certain points there were, uh, I- I, in my estimation, maybe a third of the people in the room, um, you know, watching the panels on stage and the different presentations, and maybe two-thirds of the people, unsurprising really at this point, out networking, you know, guys giving each other big hugs and super excited to talk about digital credit.

And there's a second way AI points toward Bitcoin, and it runs through the stock market.

Tad Smith used to run Sotheby's, and on The Income Show, he built on a thesis from Jordy Visser about what AI does to the long-term value of every company out there.

As the agentic commerce speeds up, the uncertainty around companies' long-term prospects or even their medium-term prospects goes way up, which means that the terminal value of those companies' cash flows or prospective cash flows or forecasted cash flows goes down.

And that introduces a level of concern about where to put your cash that is a new thing, a very new thing, and a concerning new thing.

And three, the biggest buyers of all haven't even shown up yet.

Central banks hold around $4 trillion in gold, and Yakes points out that just 5% of that moving into Bitcoin would be more than every Bitcoin ETF holds combined.

So how fast could all of this happen? Joe Burnett asked Tad Smith how fast he thinks Bitcoin grows from here through 2030.

30 to 40 percent.