Let's welcome in our next guest for this special edition of Markets Daily 21 shares,

US, head of US business, sorry, Federico Brocate, joins us now. Hello.

Hi, nice to be with you both. Nice to have you here. And he's looking for an argument, so I apologize.

Let's get into it.

Let's get into it.

All right, let's just talk about what's going on in the markets this morning.

On Markets Daily, we like to talk about the markets today.

Last I checked, Bitcoin was at around $107,000.

Yep. of remaining steady amongst all of the geopolitical tensions we've been experiencing over the past

month or so. Talk to me about how you're looking at Bitcoin. Yeah, look, to me, this is a sign of

the tremendous maturity that we're seeing from Bitcoin in the market today. We've been talking

about Bitcoin as this macro kind of uncorrelated asset for the last five years, let's call it,

and it's finally kind of maturing and happening right before our very eyes.

You know, typically in the past, when we've looked at Bitcoin's price performance around some of these geopolitical events,

the first few days, it's called the three to seven day window tends to show a lot of downward pressure on Bitcoin prices

as investors are fleeing away from risk on assets.

But recently what we've seen is actually Bitcoin's staying steady in that 100 to 110 range.

And I think there's a few things that we can attribute to that.

The first one is the institutional buyers are coming into the market for the first time.

And these are buy and hold investors that are taking up as much of the liquidity that they

can from Bitcoin markets and not trading as actively around some of these events.

The other thing we're seeing, you know, is a lot of support from Washington, D.C.

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