Lars Davis, thanks so much for joining us on Wall Street Unplugged. How's it going, man?

Going good. Thanks for having me back on. You know, I had you on here. It was a while ago, and I think when I first had you on, you were just getting that career starting out pretty much. You had a pretty good following. I said, listen, I like what this guy is saying. I love him. He's killing it. And now I look at you and I see how far you

have come. And I just want to show everyone this. 630,000 followers on YouTube, right, talking

crypto all the time. I mean, man, congratulations of your success. And it's been really crazy.

What a ride.

It's a crazy industry to be working in and to be building in.

We've got different stuff going on.

We've got our newsletter and all that sort of stuff.

And just the ebbs and flows of building in crypto and trying to have a business in crypto,

you've got to be a crazy person, I think sometimes because everything's so market driven. So you say everything's so market driven. Let's start there because I love having you on now. A lot of people when I see in interviews, I would do this for 15 years. I've probably interviewed most of the people that you see on CNBC. Everybody wants to be interviewed when things are great. And right now we're seeing crypto get hit. To me, I want to turn to people that have been there and done that and you've been doing this for a long time and get your thoughts on it when you say market driven you know what do you what's driving the market now because it seems like when you're looking at commodities and yes we've seen you know some of the commodities pull back a little bit but have had this monster run over the past few months pretty much for the same reasons why a lot of people buy Bitcoin. How would you explain that in your words? Because I'm surprised that Bitcoin has not continued to go higher and not hasn't just continued to go higher. It's pulled back significantly, especially the past few weeks.

It's very fascinating to see everything that's going on right now. There's parallels in history of gold and silver running first and then bitcoin catching up after that so we can look at that as a potential

bit of opium that hey maybe things won't be that bad for that long but it is frustrating because

part of the narrative of bitcoin for all this time has been that, well, it's protect yourself as a hedge

against, you know, the debasement of currencies and all that kind of stuff. And here we are.

Here we are. We're in this great debasement trade where metals are absolutely ripping. You know,

gold and silver have had incredible rallies. And maybe those need to cool off a bit more, to be honest,

before things get a bit reasonable out there. But it's frustrating to see that happen. And Bitcoin, in particular,

do so poorly in this scenario. Bitcoin has been trading in a very weird way ever since the 10-10

liquidation event. And before that, we were kind of, let's say, detaching a little bit from

the macro factors that were driving everything else. We started detaching a bit from the global

liquidity cycle, for example. But those sort of short-term divergences are kind of normal, and it

wasn't anything to really be considering too much in the grand thesis of the things until the 10-10

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