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Welcome to Animal Spirits, a show about markets, life, and investing.

Join Michael Batnik and Ben Carlson as they talk about what they're reading, writing, and watching.

Michael Batnik and Ben Carlson work for Ritholds' Wealth Management.

All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions

and do not reflect the opinion of Ritholds' Wealth Management. This podcast is for informational

purposes only and should not be relied upon for investment decisions. Clients of Ritholds' Wealth

Management may maintain positions in the securities discussed in this podcast.

Welcome to Animal Spirits with Michael and Ben. Michael, Ben! There has not been very good news

in crypto lately. I mean, this happens because it's a new, innovative place, but you see a lot of

fraudsters and Ponzi schemes, and those things have been in the headlines throughout this crypto

winter or bear market, everyone to call it. And there just hasn't been much in the way of good news.

I have not heard many bullish catalysts lately. Now, that's kind of how it happens during

bear markets, but you and I got to spend some time in Boston at a Fidelity Digital Assets conference

where we emceeed and then did a live podcast. And I got to say, I came way feeling much better

about crypto after that than I did before we got there. What was it about that event that made you

feel better? So I mentioned there a lot of that stuff you and I have heard over the years is

you just have to follow the smart brains and what the people in Silicon Valley are working on in

the weekends and what they're putting their money into and where they're going, you want to

follow them and that's the place to invest. That makes sense to a point to me. But also,

...