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Welcome to Animal Spirits, a show about markets, life, and investing.

Join Michael Batnik and Ben Carlson as they talk about what they're reading, writing, and watching.

Michael Batnik and Ben Carlson work for Ritholds Wealth Management.

All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions

and do not reflect the opinion of Ritholds Wealth Management. This podcast is for informational

purposes only and should not be relied upon for investment decisions. Clients of Ritholds Wealth

Management maintain positions in the securities discussed in this podcast.

Welcome to Animal Spirits with Michael and Ben. It hasn't been a great month for crypto,

especially Bitcoin. I plotted this out. You can top tick the crypto market and Bitcoin itself.

On the exact day Coinbase went public. And credit to me, do I get to cash in my paper short of

Coinbase yet that I said a month before they went public? You covered it at 4.25 on the IPO.

Nice try. I may be hedged a little bit. Didn't they get the 4.16 and now they got back to 2.50 anyway.

So that was Bitcoin at 64,000. It's down in the low 40s now. Oh wow. By the way, Coinbase,

new low is 2.42. Okay. So those DC sold got out at the exact top,

tippy top of the market. Good for them. So Bitcoin has fallen 30%. You gave some stats on your

...