Why are people paying $70,000 for Bitcoin? Don't they know it's high? Don't they know it's already gone up a lot? This is all true, but investors, particularly in equities, don't care. People who are used to investing in Nvidia and Apple operate with an assumption of let's buy high and then sell higher. In other words, they're used to having to buy things as they're going up because in stocks, things just keep going up and up and up. Now, when people describe the Bitcoin ETF, they describe it as Bitcoin going public, meaning Bitcoin is now a component of a stock market that has $100 trillion globally available to invest in it. That's right, $100 trillion. So if a small portion of that money winds up into Bitcoin ETFs, Bitcoin is massively higher.