Thankless Nation, we have a very simple question today. Is the Bitcoin ETF a big deal?

Or not? That is the topic. That is the agenda in today's conversation. We are entering

this episode and the price of Bitcoin is over 34K. So I think it just kissed 35K earlier

today. David, are you feeling bullish, man?

I am fairly bullish. And after almost two years of just chewing glass in this market right

now, I'm not prepared to be hurt anymore. And so if the Bitcoin, if spot ETF gets approved

and it's not bullish, I need to know now what to get that glass ready to put back in your

mouth. I think that's the question. And honestly, we have the perfect guess to help answer

that question. We have Alex Thorn. He's the head of research at Galaxy Digital. He's

published a ton of fantastic research about this. And we're counting on Alex today, David,

to be objective about this. Okay. He's not just going to tell us the bull case for the

Bitcoin ETF of which we know there is one. We definitely want to hear about that. Don't

get me wrong. Alex, I know you're listening. We want to hear about the bull case. But we

also want to hear that what if you're wrong, case, the bear case for the Bitcoin ETF as

well. And we've got to find out, is this thing priced in? Is there a mountain of capital

out there waiting to chomp on Bitcoin? That's the question in today's episode.

Certainly. Certainly. We're going to get right to that question. But before we do, we

need to hear from our friends and sponsors over at Doppel. So if you're like me and Ryan

and you have a bunch of Twitter followers and a bunch of doppelganger fake fishing accounts,

then you should be interested in this. If you are a founder with a DeFi app that takes

in deposits, you might also be interested in this. If you have impersonators who are

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