Our next guest, Falkul Mia, Falkul is the managing director of Go Mining, institutional.

Fokul, thanks for being here.

Thank you for having me. Nice to be here.

Fakul, in a few minutes, you're going to be up on stage talking about crypto treasury strategies,

understanding capital allocation.

Give us the highlights.

What are you going to talk about?

So it's focused around Asia, but broadly speaking, I think the themes are very much global.

And what we're seeing is that Bitcoin has very much become a mature macro reserve assets.

And so now we're seeing a race for institutions, state actors, pension funds, etc., adding Bitcoin to their balance sheet,

acting as a portfolio diversifier, potentially a risk of asset.

So, you know, yes, price action might not be great right now, but accumulation is only growing.

The idea that a lot of us in crypto talk about it is whether Bitcoin is on a four-year cycle

generally.

In the last six months, there's a lot of chat about the super cycle and the fact that maybe we've broken through that.

What's going on right now, do you feel that this four-year cycle is still resonant?

I think we still have a four-year cycle, but it's starting to become somewhat disjointed.

And it's reflective of the sheer amount of institutional flow that we've seen come in.

So what that's done is it's created a natural liquidity pool and a base to stop, you know,

what would have been traditional retail flow bringing Bitcoin down.

And so, you know, yes, price has been volatile, but it's nowhere near as volatile as it was

in the last cycle.

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