"I think that's going to impact yields. So, you're going to see bond yields go higher. All of which is kind of a headwind for risk assets."

"I think maybe mid-July to to mid-October, we're going to start to see, you know, moves upward unless liquidity changes, unless, you know, war expands, which I think is probably the single biggest issue that would prevent, uh, a catalyst from moving us higher. Meaning, if we get clarity and we don't move higher, I I can only see that being some kind of war-oriented thing. "

"We're gonna solve this mythos security problem pretty quickly. And then the question becomes, what is the AI better at? Is it better at cracking code that's been audited by other AIs? Or is it better at social engineering? Is it better at pretending to be you and calling your broker at JP Morgan Chase and getting them to do something that they shouldn't do? I I actually think AI is going to be much more effective at hacking humans than it is hacking code in the near future. "

"No, no, no, no. We're just the agent the agents the agents are going to bring us to the 100. Oh, yeah. But I No, that's a trillion T. [1694s] Yeah, that's a that's we think that they're going to be thousands of trillions, not tens or hundreds, within the next 5 to 10 years done by autonomous agents. Thousands of trillions. "

"I think tokenized stocks and um stocks and ETFs if you think about it from from a size perspective is probably the biggest opportunity because just the New York Stock Exchange that we recently announced the partnership for they're going to be trading tokenized stocks 247 in a digital ATS and we're going to be the record dealer the transfer agent we're very you know involved in that project just you know if 1% of that moves it's $4 trillion it just kind of triples the size of the crypto industry today and 1% I know you 1% is nothing now these things always the hardest are the first ones like which one is going to be the first like mega company that is going to go and say I'm going to tokenize it's going to be Tesla it's going to be Nvidia a couple that then when you get the first then getting the second is easier the third and the 10th and the hundth and then that's when it explodes right "