Bitcoin Price To Double: Here's When $200k Comes | Jason Yanowitz

This is clearly the start of a new bull market here. I think my price, you know, I'm I'm I'm looking at Bitcoin crossing 200K in, you know, the next, you know, let's call it 18 months. There's a turning point in the industry right now. I would call 2025 a line in the sand moment for the industry. We have now moved into a game of halves and have nots. >> Welcome back to the show. You notice that my background is different because uh I'm traveling right now. I don't actually have a fireplace at home, but I do for the next couple of days where you'll see me here for the next couple of days. What else is traveling though is Bitcoin. Bitcoin's been traveling higher and the entire crypto markets have been following Bitcoin. Bitcoin has just hit the critical threshold of $80,000. And importantly, we're here to talk about when Bitcoin will hit $100,000. Probably even more important than that is where this entire new rally is headed into next year. Where will this rally take us? Where will it take cryptos? Which subsectors within crypto will do well? Which will not survive next year? All these questions and more, including why hyperlquid is something to watch right now, will be answered by our next guest, Jason Yanowitz, co-founder of Block Works. And right now, there's a trade actually on Koshi for when Bitcoin will hit $100,000. And traders are predicting a 29% chance that a h 100,000 can be reached by January 2027. If you agree with those odds, a $50 trade, $50 trade can yield a payout of $159 if you turn out to be right. And Bitcoin does hit 100K anytime before January 2027. This video is brought to you by and sponsored by Kosi, the largest prediction market in the United States. And unlike a sports book, you're trading peer-to-peer on real world events from economic data to political outcomes, which means the price moves on public opinion, not the house. Go to my link in the description down below or scan the QR code to get my access code LIN L I N. If you use my code, Lynn, new traders can get $25 when you trade $25. Koshi is CFTC approved and available in all 50 states including California and Texas. Jason, welcome back to the show. Good to see you. >> Been a good year. It's been a good year. Maybe not for the crypto prices, but it has been a good year for Block Works and a good year for Life. So, good to see you David. >> Yeah. Congratulations on everything that you've accomplished uh this year, including your acquisition of Misari. Now, Bitcoin and crypto, as you said, not a great year so far until now. What is going on right now? You've been pretty much bullish the entire time I've known you since last year. And admittedly, the market has disappointed a lot of people, I'm assuming yourself as well. But right now, we're in a bit of an upturn. And the question is whether or not this is a fake out, not a real rally. What do you think? Yeah, I think this is a this is clearly the start of a new bull market here. So I think you know you said people have been disappointed by prices. I'd say traders have been disappointed by by prices. I'd say investors are about to be massively rewarded here. So if you look at what's happening uh you know I don't I don't think crypto is reawakening because there's some head fake or some short squeeze here, right? I think you know it's not it's not moving because uh retail just rediscovered meme coins. It is clearly moving because the macro setup improved at the exact same time that the onchain economy has become a lot more useful. And so all these things just hit it at once, right? I'm sure you've talked at length about what just happened with the Treasury, right? The Treasury doubled the long end of the bond buybacks, kind of revived the debasement trade. Uh you know, Washington has completely flipped their tune on crypto. It went from can this exist to what are the rules of the road, right? ETF inflows are having their biggest week in 10 months. And I think the part that is most interesting, the part that probably your audience has is is really not tuned into. And the part that I I care deeply about is that the onchain economy has barely contracted, you know, over the last 12 months, while Bitcoin fell 50%. So, you know, stable coins are up to 300 billion in stable coins. Salana just did 4.24 billion non-vote transactions last month. Hyperlid generated $150 million in quarterly revenue. So I think if you yes there were some positions that were offsides. There were $2.7 billion dollars of shorts um you know that got liquidated. So yes there was definitely a squeeze higher but I would say the squeeze was the ignition. We are we are just entering a new bull market here. >> Have you seen any onchain activity that would demonstrate who has been buying in the last week and a half? >> Yeah. Okay. we can maybe go to what I'd call the off-chain pipes and the onchain pipes. So, uh let's use uh Bitcoin ETFs as an example. I I don't think Bitcoin ETFs and, you know, crypto ETFs as a whole are um super interesting other than that they are confirmation that the marginal traditional investor is coming back in. So, you know, I'm looking at Blockworks's data here and I'm happy to share my screen if you want, but you know, if you look at uh >> so here I can I can pull up my screen here. Um let's look at >> uh you're able to share. Yeah, there you go. >> Great. Okay. So, if we look at if we look at this data right here, what you can see, you know, this is the week overw week crypto ETFs total flows by asset here. So, you can what you're looking at here is that we had several weeks, you know, actually, you know, you know, many many many weeks in a row, you know, minus $300 million of net in outflows, you know, minus400 million of outflows. Then let's look at what started to happen around this time frame, which is $800 million of inflows. Our first billion dollar inflows week into crypto ETFs since May of 2026. Backto backto back $600 million inflow weeks. So if you look at what's actually happening on the ETFs, right, US spot and e uh ETH ETFs took in a combined $2.6 6 billion in last week. You know, about $1.9 billion into Bitcoin, $700 million into ETH. It was the strongest combined inflow week since October of 2025. So, the strongest week for crypto ETFs in 10 months. And then you look at the ETF trading volume, you know, went to about $30 billion, which is three times greater than it was the prior week. So, that's I think that answers one half of your answer, which is who's buying. So there's definitely this bucket of traditional capital markets investors, financial adviserss, you know, your your your mom and pop who has some money on a Charles Schwab account and the institutional bidder, right? We saw, you know, Stanley Ducken Miller put on a hyperlquid position. You've got everyone across the institutional, you know, angle is allocating and then the onchain flows are coming too. And I think if you look on chain, you've got a lot there's there's a lot of folks who I think have gotten off sides on the AI trade. And I think a lot of folks who are starting to say, "Hey, look, I'm a tech investor." Yeah, I might be a retail tech investor. I might be a institutional tech investor. This AI thing seems a little too hot right now. What are the other asset classes that could be ready to go? And I think crypto is the natural next step there. >> I know about the institutional buy that makes sense. What is intriguing to me is that on top of institutional buying, altcoins are pumping. Even meme coins are pumping. I'll pull up something later to show you, but um I I was looking at um a bunch of smaller things. Even Trumpcoin went up 100% last week. I don't think drunken Miller is buying Trumpcoin. I don't think he's buying Pepe, right? Those things moved up together concurrently with Bitcoin. And so the question is why is everything moving up at the same time? institutions are moving into the larger things. They're moving into the larger layer ones and probably they're moving into hyperlquids. That doesn't explain why the altcoins and the meme coins are also pumping as well. >> I think that there's renewed excitement in crypto for the first time in 18 months. I think it's as simple as that. I think that the industry forgot how to believe in something and that the industry the industry now believes that this industry and asset class can come back and and there's there's a really clear reason for that which is that you know there's there's now a lot for the first time ever David there's a lot of capital in the industry so if you look at the stable coin yeah this is an interesting chart that you're showing but I would say what what flows into these assets stable coins right so there's now roughly $300 billion of stable stable coins sitting in the sitting in this onchain economy. I I like to think of stable coins as the cash balance of the onchain economy. And if you if you force me to watch one crypto metric for the next 10 years, you know, I'd probably pick stable coin supply over Bitcoin's price, right? Stable coin supply, it's kind of like looking at uh you know, how many how many websites were getting created in in 2000. You know, the dot bubble crashed, prices went down, but more more websites were getting created. That's what's happening with stable coins. So we blocks data now tracks over $300 billion dollars of stablecoin supply. So when the market moves it's incredibly agile because the the you know a lot of people are sitting on these stable coins. So that's the that's one thing. Then you also have these two economies these two blockchains in Salana and Hyperlquid where there's a lot of capital. So can I just you know maybe I can walk you through some of the big numbers of Salana right now and the big numbers of Hyperlid. So if you look at uh you know let me I'll I'll pull up my screen once again here. >> Yes. >> So if we look at the you know if you go to block if you just you know Google block works uh you know Salana data you're actually able to see this. Look at this chart of transactions happening on Salana right so we are now Salana is now doing 2 uh $4.2 2 billion in non-vote transactions every single month. Right? July all-time high, $4.2 billion of non-vote transactions. There were roughly 24 million trades per day on Salana. 24 million trades, 860,000 trader addresses. And the the number that is really crazy to me, there are two numbers. One is the average spot dex volume. So the trading volume on of exchanges of trades happening on Salana is 3.3 billion a day. About 2.3 times as much as Ethereum is doing. And the 7-day average throughput. So there's 2100 transactions happening a second. The median fee on these transactions, and I think this is super important because I think a lot of your audience is used to maybe these like high fees on these blockchains. It's really tough to make trades. The median fee on Salana is not 1 cent. It's not 0.01 cent. It's 0.004 cents. So, it's basically free to trade on these things now. And so, I think that's, you know, the answer to your to your original question is why are these why are these coins going up? And I think it's as simple as people believe in the asset class again. And for the first time ever, there are applications and blockchains where you can freely openly trade all the assets. And by the way, not just we should talk about Hyperlquid, too. They're not just trading crypto assets. For the first time in history, you're trading traditional real world assets on these blockchains. >> Uh let me show you something here. This is from Glass Node and this is showing research um for August 19th. Short record short liquidation event ignited 20% rally off of mid August lows. So what happened here was in dollar terms August 19th was the biggest day of short liquidations our feed has recorded since 2019. Across the squeeze window 85% of everything liquidated was short side. One caveat belongs bel uh belongs beside every liquidation read are uh feed aggregates the major centralized exchanges and does not include hyperlquid. So the true total ran higher than anything we can measure. >> What happened on August 19th? I have the I think I have the answer but I'd like to get your read. >> Yeah. Look, so if so the the Treasury blinked, right? So the you know the approximate trigger here was macro, you know, I think uh policy you know. So August if we walk back August 19th I think you said was that the date of that uh paper? So August >> that was yeah that August 19th was when Scott Besson came on CNBC and other media and said look I think it was just CNBC and said look we are doubling bond buybacks from$2 to4 billion per operation. So what happened August 19th, right? Treasury doubles the maximum size of the long end, you know, liquidity support buybacks from I think it was 2 billion to $4 billion. Bitcoin goes on an you know a heater of a run touches 81,000 you know on August 25th. It's up 28 or 29% in August and what what what's actually happened is a more uh the narrative on this changed. So well I think the first thing that you want to talk about is the liquidations the you know the positioning a lot of people were offside. So, there was $2.7 billion of crypto short positions that were liquidated in a 24-hour period. So, this is obviously an initial squeeze, right? I think you said I think that was Coin Glass data. There's a record for short liquidations. That's definitely true. But the the much more important thing I've got a Reuters piece pulled up here. Mainstream financial media started to pick up on this. and what Reuters said and you know I don't I I don't usually love to point to this but I think a lot of traditional capital allocators are reading the you know the journal watching CNBC reading Reuters Financial Times still Reuters explicitly tied the move to a softer dollar and a renewed debasement trade fears. So, you know, when policy makers signal that they're less willing to let the long-term rates clear higher, right, the the pressure has to go somewhere. Last, you know, last week the pressure, I guess two weeks ago, the pressure went into the dollar. So, naturally, you know, harder assets are going to rally. Gold obviously, I think, is probably your your audience is probably very familiar with the gold trade. Bitcoin is just a higher beta, you know, gold trade here. So, that's that's exactly what happened. >> Okay. Uh, I want to turn your attention to something else. Bitcoin treasury companies lost$80 billion dollars um since the middle of last year and in fact this year in July most of them turned to net sellers over the past 12 months the fall was from $124 billion of value combined market cap um sorry 670 67 billion today and falling $124 billion over the last year a loss of $57 billion the point is a lot of them started selling this year. The narrative last year that a lot of them at least told media was we're not going to sell. That wasn't the case. Given the market action and their fa and their subsequent action in response to market action, do you have a difference of of opinion in regards to Bitcoin Treasury companies and their role in the markets today? >> Yeah, it's it's it's a it's a really simple story. Bitcoin treasury companies aren't doing well because the underlying assets aren't doing well. And I don't mean to make it boring, but I' i'd point your attention to a different treasury company here, which is uh Hyperlquid Strategies Purr, right? David Sheamus, you know, Bob Diamond. Bob Diamond, I think, used to be the CEO of Barclays. They run a, you know, Hyperlquid Strategies company, Perr. It's one of the better performing assets right now. Look at the crypto holdings here that I've got up on the screen. They're now holding $2.4 billion, right, of Hyperlid. So this is what they are what they continue to do is just continue to uh accumulate one of the better assets in crypto which is hyperlquid. And so yes, some of the dats have not done very well. And you can see that on our treasury companies, you know, I'm I'm not sure the data that you were showing there, but if you look at this data here, you can definitely see the aggregate NAV of these crypto treasury companies has come down, right? At the peak it was $120 billion. You know, at the at the trough, it was around 7065 billion. I I honestly I I think some of these companies will it was I think it was good that some of these companies imploded and I think some of them who hold good assets like hyperlquid strategies will actually continue to do quite well. I'm also looking at Ford industries, you know, Salana, right? I think some of the assets that do well like Salana and Hype >> will do well on the treasury company side of things. >> Is Hyperlid primarily used as a leverage tool nowadays? >> Hyperlid would so hyperl is the first venue in crypto I would say to break out of crypto. So if you look at um you know for I'll stop sharing my screen here but if you look at um >> what the crypto thesis has been for many years is that uh you know someday financial assets might move on chain right hyperlquid is the first evidence that that is actually happening. So I'm I'm I pulled up some block uh block works data on hyperlquid we've got financials here. So fin our our financials show that Hyperlquid did $154 million of revenue in Q1 of this year. $148 million of revenue in Q2. That is a $600 million run rate business. I think Hugging Face, it just got announced that Nvidia is buying HuggingFace for $13 billion. Hugging Face's revenue is $150 million. So, if you had a a traditional fintech that was making $600 million in revenue in their third year of business, you know, you you've got a you've got a monster, you've got one of the hottest companies in the world on your hands, but because it's a crypto business, it's kind of, you know, mainstream media doesn't take it too seriously, except for Bloomberg. They talk about it a lot. The craziest thing about Hyperlquid is because of the efficiency of blockchain Rails, they have 12 or 13 employees. >> How many employees does Robin Hood have, right? They have thousands of employees. How many employees does Coinbase have? How about, you know, Charles Schwab, these are huge businesses. Hyperlid's doing 600 million in revenue with about 13 employees. And you know, I think David, your question is, is it is it all just leverage? Right. So, I'm looking at the at yesterday's data. We're recording this August 27th. So, August 26 data, they did about $9.6 billion of PER's future volume. The most interesting stat there is if you break down where that data came from about 2.75 billion, so 29% of that volume was in markets that Block Works tags as real world assets. So the RWA tag volume included, you know, $1.8 billion in equities, $590 million in equity indices, $370 million of commodities were trading, and then you have smaller markets across FX, preIPO markets, and bond markets. And so to answer your question, you know, directly here, Hyperlquid is doing well because it's the first app that has really broken out of the, you know, crypto scene and broken out into mainstream markets. >> I want to visit another narrative that was hot last year and that's especially hot right before the election, the presidential election, um, which is the fact that the government may step in to buy Bitcoin. Has that happened? I don't think it's happened yet. And right now I'm looking at prediction markets. Kowi, will the Treasury purchase Bitcoin 6% before January 2027? Um, have people given up on that because that was all the hype. >> Yeah, I don't think it's really something that has been talked about too much. And I think there's a bigger question here of has Trump I think the real debate that is uh the right debate is not will the Treasury purchase Bitcoin. It's has Trump been good, good or bad for the industry. And so I think um I think there's a you know the industry is probably split 50/50, right? I I think that a lot of the stuff that has happened with world liberty and you know some of the other activities associated you know with with that have been definitely net negative for the industry but on the positive side you know regulation has entirely flipped. So will the Treasury purchase Bitcoin? Uh my my real candid answer for you David is I don't really care. I don't think it makes that big of an impact. What I care about is are there real apps? Are there real apps and real real companies doing who have real users and real revenue building in the industry? Because if we're entirely reliant as an industry on some external force buying up our our tokens, there's it's not a real industry then. And it's the same reason I don't, you know, think that Micro Strategy is that big of a net positive for the industry. It's, you know, I think I think if you become too reliant on one character, you know, it's uh it's it's not actually good for the industry. >> I'm going to leave this trade up as well, and I just want to leave this up where we talk about it. Will Bitcoin when will Bitcoin cross 100K again? Only 29% chance before January 2027. >> Yeah, a lot of questions around this trade. >> Yeah, I've I've actually got >> an easy trade. >> Yeah, I've actually got a long on this trade. So, I'm I'm Yes on this trade. So if you look at sorry I cut you off here but if you to finish to finish I think what you were saying is before 2020 uh December 2026. So this or before January 2027 >> Uhhuh. >> Yeah. This is basically saying okay so it's climbed to 29%. Okay. So that this is about where I think it actually should be. It's around 30%. So his before this it was so before January 2027 this is saying will Bitcoin cross 100K really at any time in 2026. I think there's probably a 30 to 40% chance that that happens. I I took the yes. I took the the over on that around 18 19%. So I think uh I think 29% is priced a little too low, but you know around around the fair market. >> We're already at 80K give or take. Yeah. So yeah, 80K right now as we speak and 80 to 100K especially for Bitcoin is not that big of a move. I'm curious as to why you're not a little more bullish right now on the next three months. >> Oh, because we I mean we just had a massive move, right? We just went from, you know, the low of the bare market. We went from, you know, 60 65K up to 80K. You know, I don't want to get too too aggressive here. And I think we are >> I would actually rather have things move slowly. I would rather have us, you know, kind of ease up instead of these parabolic moves to the upside. Um, and look, I think I think my price, you know, I'm I'm looking at Bitcoin crossing 200K in, you know, the next, you know, let's call it 18 months. We don't need we don't need 100K this year. It's not something that, you know, I'm desperate to get. >> People need a reason to get in on an asset, especially if they've sold some of it. I'm talking about Bitcoin. Um, first of all, before I get into the reasons for buying Bitcoin or perhaps selling Bitcoin, is the rest of the crypto market still dependent on Bitcoin for movements? In other words, is Bitcoin still the leader uh with which everything else follows up or down? >> Yeah, you you will always have correlation, I think. But you you finally have separation of these assets, I would say. I think the the the bullcase, let me lay out the bullcase here. the bullcase for all of this, you know, if you look at past cycles, the bull case was >> sure, >> I think I think we can really clearly explain it now that, you know, and talk honestly about it now that we're out of those cycles, which is the bull case was, you know, Bitcoin. I think investors would buy Bitcoin as a hedge against maybe inflation or a hedge against the government printing too much money or the hedge against, you know, what whatever debasement, whatever you want to call it, and all the other assets, these altcoins as we called them at the time, would run with Bitcoin. I think that's what you're getting at is are all these things just gonna run with Bitcoin? >> Exactly. >> Here's the here's here's what's changed in the last two or three years. The bullcase now is that crypto gets really really really big. I think the I think the the best bull case to lay out is that I think we used to think is crypto become going to become like finance, right? Is cryp finance is becoming crypto, right? Dollars are becoming stable coins, stocks are becoming tokens, exchanges are becoming protocols, NASDAQ is moving to 24/7 365 trading and launching an onchain trading venue. I think I've stopped asking you know what is the next crypto asset that is going to do well and I've I've started asking you know which existing asset will eventually have an onchain version and so when I look at where this industry is going every stock bond currency and commodity will eventually be tokenized and the venues where those things be get tokenized and the information and data providers that power those markets will end up doing extremely well. You mentioned hyperlquid several times. Why are people by people I mean institutions in particular betting on the fact that a lot of assets are going to be moving on chain? I'm talking about assets that have nothing to do with crypto. >> I think because it's already happening. So the problem with the traditional capital markets are that they run Monday through Friday and they're open, you know, only several hours a day. Well, what happens when there's an o oil crisis because of a Trump tweet? Uh, you know, that happens on a, you know, Friday night or Saturday morning. This is what happened with Hyperlquid, right? So that you know people want to trade, you end up having these I think I think things gapping up on a Monday morning will be a thing of the past. I think that IPO markets not being priced to perfection will be a thing of the past. Why? Because you'll be able to trade oil 24/7 365 and you'll have these preIPO markets and that applies to every single asset. So you know if you look at just yesterday on Hyperlid there were $1.8 8 billion of equities futures traded, right? There were $400 million of commodities futures traded. And again, this is for a 13 person team. And so you've got, you know, $2.75 billion of traditional assets. These are not crypto assets. $2.75 billion of traditional assets traded. This is per futures volume traded in just one single day on Hyperlid. Uh look, if you are a if you are a trader, this is just providing a better platform for you. >> Again, I'm not just singling out Bitcoin here. I'm just using this as a benchmark for where the crypto market is headed. Uh I saw this today, debasement trade, this is CNBC markets, debasement trade to take Bitcoin to $300,000, says Bernstein. Um it's uh yeah, Bernstein analyst said Wednesday on a note to clients. That's 285% or nearly four times by 2029. I I got to say uh Jason, I've seen this uh kind of kind of headline quite a lot especially when prices are moving and when I whenever I see this I get worried whenever I see like 300k in 3 years whenever prices are moving up because you don't you don't see this headline like I didn't see this headline in July. I didn't see this headline in June but all of a sudden things are moving up. I'm starting to see this. I'm starting to worry. What's your take? Yeah, I look, you know, the the the sellside analysts are paid to kind of do, you know, put out these, you know, they get attention when they put out hyperbolic things. 300K in three years, extremely reasonable. I would say extremely reasonable. 300k in three years. I don't know what I don't know if it happens, though. I've I've I've truly what I really care about and this is less interesting to your audience. I understand. What I care about is that there are real companies building real products because that is in 15 years of crypto. We have built an industry. We've built the networks and the protocols to support real activity. And now is the first time in history that we're seeing real activity. It's like when the internet was created and you just had all these protocols TCP IP, HTTP, right? That is SMTP. What I want to see is I want to see Gmail. I want to see Google. I want to see Amazon. And that's that's what we're finally starting to get in this industry. >> Yeah. Tell us about the real companies that are being built right now. And more importantly, in this new bull cycle that we're experiencing right now, what are the types of protocols and types of projects that are likely going to survive and the ones that will not? >> Yeah, I think there's a turning point in the industry right now. I would call 2025 a line in the sand moment for the industry. We have now moved into a game of halves and have nots. And what I could otherwise describe that is is as a entrepreneur building in the industry, you could kind of get get by for the last 15 years. You could kind of get by run your nice little company. Now you have to decide as a founder, do I want to consolidate or do I want to be consolidated? And so I think what you're about to see in the industry is a lot of consolidation, a lot of M&A. And I think you're going to see a lot of people touch the public markets, right? you know, a company like Block Works, you know, we, you know, we're we're at the phase where we start to say, what would, >> you know, what do the latest stage venture markets look like and what do the public markets look like? And I think you'll see, you know, right now we have Kraken on the door of going public. Coinbase is a public company, Robin Hood's a public company, Bitcoin, Circle's a public company, but really that's a small number. It's like four or five crypto companies are p are public figure obviously. I think you could see, you know, 20 25 publicly traded crypto companies, you know, in the next 18 months. What are you suggesting? Are you going public soon? >> I I'm I don't think block works will go public soon, but I think that we look at how do you how do you become a consolidator in this market, right? We just acquired our biggest competitor, which is Misari, and I think we'll get, you know, continue to look to be acquisitive and continue to scale this company as quickly as possible. >> This is my final question. We'll end up uh win the conversation here. Block Works, your strategy, how has it changed in the last 3 weeks given this new rally? Not even 3 weeks. Let's say two weeks and a half. Have you had internal discussions about okay, we've just entered what looks like a new bull cycle. How should our corporate strategy change? Have you had these discussions? the the strategy changed about 15 months ago when we said look we are going to become a consolidator and we do not want to be consolidated right and so that's when we said let's go allin on scaling this as quickly as possible and if the bull market does not if this market does not turn and we don't get a bull market you know we risk you know we risk you know you know block maybe there's no block works but if we come out of this alive we will win this market and so I think that was our strategy about 15 months ago and um look it's starting to pay off right we're building a Moody's or an S&P like business of the onchain economy, right? Moody's is an $80 billion business. S&P is $120 billion business. You know, Block Works at our, you know, last valuation was around $200 million, right? So 200 million to$120 billion. We've got a long way to go here. Um I'm, you know, I'm not going to my my mental math is, you know, what is that 720x from here. So we're we're very very very early days uh for the company and yeah, we're excited. Well, congrats on building a $200 million business. I mean, even though it's now 120 billion, that's still quite an feet of achievements, but congratulations on all your success so far and especially this year. Jason, wonderful talk. Thank you. Where else can we follow you and stay up to date? >> Yeah, David, thanks a lot. Uh, you know, I'm I'm on Twitter. I'm pretty active on Twitter, Jason. Anyone, you know, my DMs are open. Someone can reach out. Uh, my my email is just Jasonblockworks.com. And then we've got a lot of free public open data. All the data that I just mentioned with David is all free and open on our website. Just, you know, Google Blockworks data, blockworks analytics, or go to blockworks.com. >> And thank you for watching. Please do like and subscribe. Follow Jason in the links down below. And please use my code lynn l i n when you sign up to cowshi. Remember, new users can get $25 when you sign up and trade $25 for the first time. Link down below or scan the QR code here.