So just taking a look at the returns we've seen in Bitcoin over the last couple of years versus the equity markets that Don just pointed out.
James I know one of the things you are saying here in your note that a long-term investor should buy all of these dips as part of their portfolio and just never look at them again.
Bitcoin is not a penny stock it's not something you buy one day and sell the next day for little gains, you have to be a long-term believer that cryptocurrencies solve huge problems, that paper currencies have cryptocurrencies will replace some are all of the paper currencies in the long run, so people are always saying,
Oh am I too late to get into this. no, this dip now gives the opportunity to see massive enormous gains are you investing in Bitcoin and other cryptocurrencies...
I've been buying on the way down, and I'll buy on the way up. You know what's going to happen, is more regulation will happen and that's a good thing, because then the masses will trust that the government's involved they will possibly be protected and institutions. which have not yet been exposed to this.
Really maybe one quarter of 1% of institutions have exposure to Bitcoin they'll finally start getting in and this will be a valid investment class regulations, this is part of the reason we're seeing Bitcoin other cryptocurrency shellacked in the last couple of days crackdowns in China South Korea, How do you regulate up the cryptocurrency market it's a fair it's a fair question South Korea is hinted that it might want to take on the exchanges themselves, they since at least one person in the South Korean government recanted that idea I would agree with James the regulation, in the end, is a good thing,
For these markets we saw it happen in Japan in 2017, that was a big boost of the market Australia as well sort of acknowledged that this is the thing that we want to be a part of.