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But my base case on that model, it's Bitcoin at $620,000, right, today,

at today's price.

So I, you know, if I'm correct, my probabilities are correct.

Bitcoin should have been trading at $600,000 and not at $60,000 that is trading right now.

Hello and welcome to the Barron Streetwise podcast. I'm Jack Howe. The voice you just heard, that's

Raphael Zaguri, he's chief investment officer at a firm called Swan Bitcoin. He's a Bitcoin enthusiast. A bull! a the case for more upside using math using traditional valuation models.

Not that traditional. Some of them are a little weird. We'll get into it. Listening in is our audio producer Jackson who looks taller.

Are you wearing Lifter shoes?

What's going on with you

I'm on a standing desk and I have my walking treadmill I'm I'm ratcheting up the speed as we speak I hear I got to speak in the microphone I saw you were bobbing up and down I thought that was maybe one of those West Coast minor earthquakes or something like that I don't know I don't wear shoes inside my house and so I was on it in socks and after about 10 minutes I got off and my socks were totally worn through.

Like the treadmill had stripped off all the sock portion under my feet and I just

well it's gonna get expensive but feel free to Fred Flintstone your way through another pair this episode.

I think I'm ready for a break take Take a break have a seat on one of those big giant exercise balls. I bet there's a venn diagram of people who use treadmill desks and people who sit on those bouncy exercise balls, there's a lot of overlap there.

I'm guessing you've got one in the room.

Bitcoin hit a fresh high this past week and you might have heard mention of it in the news.

A lot of enthusiasm around Bitcoin hit a new record high yesterday.

If you invested in Bitcoin over the past year you're up 157 percent.

If you were invested over the last five years you're up more than a

thousand percent.

69,208 dollars, breaking the old record, I think that goes back to November 2021,

...