"Zero Bitcoin Is No Longer Safe" - Fidelity VP Chris Kuiper

So you guys, now you're, you know, again, like you were saying, almost halfway through the year, maybe some wins and losses for, and again, it's tough because we're not through the year, but yeah, but it's, you know, good on you guys for, you know, tracking things already and, you know, being really prompt with it.

But where are we at? Where do we stand? I mean, even the macro backdrop, again, we talked about this a few weeks ago and just kind of what's going on, the straight to harm moves.

There's a lot of Bitcoiners.

I know we see it as like, oh, this is amazing.

Like, look, look, look, look.

I'm sure there's a lot of people out there, though, that are kind of like, whoa, like what's going on and kind of like repel against that.

I mean, I would say probably vast majority of people in a way repel and say, hey, why are those people using it? You know, like it, love it, hate it.

You know, it doesn't matter.

You know, like gold we touched on.

all these different scenarios, oil and what's happening.

So macro backdrop, you know, your guys have a report.

Like, where do we stand, you know, from some of the predictions you guys are making, but also just maybe, you know, some of your own thoughts in a sense of just like, where's the puck headed?

Yeah, so we were going through our 2026 look at, and we put this out every year.

We put it out in early January.

And so we went back to it and we said, where are things shaking out from what we said at the beginning of the year? Have we got some things right? Have we got it wrong? How are things progressing? And one of the sections I wrote was on the macro section.

And I'm just looking at it here.

I said, we wouldn't be surprised in another strong year for gold.

Last year, gold was up, I think 65%.

Now of course, gold is actually down a year to date.

So, so far wrong on that one.

However, I showed a chart where the best performing years of gold, like the top 10 or so best performing years of gold, they come in clusters.

So gold moves in these tectonic shifts or waves or whatever you wanna think about it.

And it doesn't just have kind of random walks of up and down years.

It has its moments.

And then it's usually a number of big years, you know, going back to the stagflation era, going back to 07, 08.