Biggless Nation, this is Ryan, Sean Adams. I have Michael Nato here from the D5 report on the podcast today. Michael, we are fresh back from holidays, man. How were your holidays? How was Thanksgiving? Do you get any weird crypto questions from your family? Fantastic Thanksgiving. I appreciate you asking. I'm actually on the road right now down it down in Florida. But now I had a nice little break. It's fantastic Thanksgiving. I appreciate you asking. I'm actually on the road right now down at

down in Florida. But now I had a nice little break. Talked a little bit about crypto with the family.

My dad's flying high. He's actually more of a gold bug. So he's pretty excited about gold right now.

Yeah, you should be. Yeah, enjoying the break. Hopefully you have as well.

Yeah, I have, definitely. And hopefully your family members were following the Defi report because you made some calls that actually held up very well and they should be pretty happy for receiving them. There's a few things I want to talk about today on the agenda. There's definitely no sugar coding it. Crypto prices are down bad. At the time of

recording, we are well below 3,000 on ETH price. And I don't know, are we 85K, something like this on

Bitcoin? We're recording this on. I think so. Monday, December 1st. We got to talk about that.

It feels like investors are moving towards the acceptance

phase, that this is more than a pullback that maybe the cycle is over. So, Mike, I want to get

your perspective on what happens next. And one of the things you've done is really called this cycle

better than pretty much anyone else I'm following closely. So I got to ask you how you saw this

in advance, what data you used,

and if some of that data can be used to help us predict the way out, the next leg up.

Hopefully there's some hope here. And most importantly, I want to find out what you are doing

now when you're buying back in and what assets you're looking at. You've told me before, Mike,

that you actually get more energized during bear cycles, during the big long-term dips. So,

are you feeling energized right now? You know, there's been a lot of negativity, you know,

on crypto Twitter and I think people are a little soured by just price action out there.

I do feel energized.

And, you know, I think my sort of long-term bullish outlook for crypto, like, hasn't changed

at all.

And I think the reason that I kind of enjoy the bear markets is just you get a little bit

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