In five years, the world of cryptocurrencies, we look very different from what it does now.

And people will need to have their coins in self-custody, if you like, in order to be able to interact with the public blockchain.

You know, think about interacting with the Internet.

Like, how do you interact with the Internet?

You want direct connection to it.

So I think this is what's happening right now, and it's very different from what we see,

which is, you know, this ETF phenomenon.

I'm here with Pascal Gautier, CEO of Ledger, needs no lengthy introduction, but somebody who's done a number of

interesting things in the digital asset space.

So I'm very excited to hear what he has to say today.

Not only is he, the CEO of Ledger.

I think I said founder.

And I believe, Pascal, you can give us the story you were on the

original founding team but became the CEO a bit later but also a founder of of

Kiko and a number of other contributions to our to our digital asset space thank you very much

for being here today. Welcome.

Thank you, Tom. Thank you for having you. So, Pascal, let's get right into it. What,

I'm going to use an American reference here. What inning are we in or what quarter shall we say

in terms of the innovation generally for the digital asset space?

I think we are, it's funny because it looks one thing, but I think it's actually something

quite different. So what it looks right now is that, you know, sort of Bitcoin is here to say,

that's true. ETFs are, you know are making the news. New investors are coming in through the

...