我比其他帽子更喜歡。我認為他們都是一樣的。我認為他們都經營得很糟糕。我認為他們都資本不足。我認為他們都管理不善。我認為它們的結構都很糟糕。

我最喜歡的。我沒有最不喜歡的。我只是——我不喜歡它們。

t a standout. I mean, there's some that are smaller and some that are bigger. I think that there's some that are more efficient and some that are less efficient. And I think that there's some that are more honest and some that are less honest.

表現出色。我的意思是，有些較小，有些較大。我認為有些效率較高，有些效率較低。我認為有些人比較誠實，有些人不太誠實。

But I don't think any of them are standout performers. I think they're all kind of in the same boat, which is they haven't managed their costs well, they haven't managed their balance sheets well, and they haven't rewarded their shareholders well, which is really unfortunate.

但我認為他們中沒有一個人是表現出色的人。我認為他們都在同一條船上，那就是他們沒有很好地管理成本，沒有很好地管理資產負債表，也沒有很好地回報股東，這真的很不幸。

RS: Anything on the political front that you're watching or thinking about?

RS：您正在關注或思考政治方面的任何事情嗎？

RW: Yeah, I mean, I'm not a political guy, but I do think it's interesting. I mean, we had Trump come out and say he likes Bitcoin. And I think that's interesting because he's kind of like a populist. And I think that crypto is a populist movement. I think that people are kind of tired of the banks and the government and they're looking for an alternative.

RW：是的，我的意思是，我不是一個政治人物，但我確實認為這很有趣。我的意思是，我們讓川普站出來說他喜歡比特幣。我認為這很有趣，因為他有點像民粹主義者。我認為加密貨幣是一場民粹主義運動。我認為人們有點厭倦了銀行和政府，他們正在尋找替代方案。

And I think that crypto is that alternative. And I think that Trump kind of senses that. And I think that he's trying to kind of like, get on board with that movement. And I think that's interesting.

我認為加密貨幣就是這種選擇。我認為川普已經意識到了這一點。我認為他正在嘗試加入這項運動。我認為這很有趣。

I also think it's interesting that we had RFK come out and say he doesn't like Bitcoin. And I think that's interesting because he's kind of like a progressive. And I think that progressives are generally more open to new technologies. And I think that crypto is a new technology.

我還認為有趣的是，我們讓 RFK 站出來說他不喜歡比特幣。我認為這很有趣，因為他有點像進步派。我認為進步人士通常對新技術更加開放。我認為加密貨幣是一項新技術。

So I think that's interesting that he doesn't like Bitcoin. And I think that maybe he doesn't understand it. And I think that that's a possibility.

所以我認為有趣的是他不喜歡比特幣。我想他也許不明白。我認為這是有可能的。

I also think it's interesting that we had Harris come out and say she likes crypto. And I think that's interesting because she's kind of like a moderate. And I think that moderates are generally more open to new ideas. And I think that crypto is a new idea.

我還認為有趣的是，我們讓哈里斯站出來說她喜歡加密貨幣。我認為這很有趣，因為她有點像溫和派。我認為溫和派通常對新想法更持開放態度。我認為加密貨幣是一個新想法。

So I think that's interesting that she likes crypto. And I think that maybe she does understand it. And I think that that's a possibility.

所以我認為她喜歡加密貨幣很有趣。我想也許她確實明白這一點。我認為這是有可能的。

But overall, I think it's interesting that we're seeing politicians from all sides of the spectrum talking about crypto. And I think that that's a sign of the times. I think that crypto is becoming more mainstream. And I think that that's a good thing.

但總的來說，我認為有趣的是，我們看到來自各個方面的政客都在談論加密貨幣。我認為這是時代的象徵。我認為加密貨幣正在變得更加主流。我認為這是一件好事。

RS: I want to ask you about ether. I know you're not a huge ether fan. Talk to us about that.

RS：我想問你有關以太幣的問題。我知道你不是以太坊的忠實粉絲。和我們談談這個。

RW: Yeah, I mean, I'm not a huge ether fan. And I think that there's a couple of reasons for that.

RW：是的，我的意思是，我不是以太坊的忠實粉絲。我認為這有幾個原因。

One, I think that Bitcoin is a superior technology. And I think that it's going to be the dominant crypto in the long run.

第一，我認為比特幣是一項優越的技術。我認為從長遠來看，它將成為主導的加密貨幣。

Two, I think that ether is overpriced. And I think that it's in a bubble.

第二，我認為以太幣價格過高。我認為它處於泡沫之中。

Three, I think that the ether community is toxic. And I think that they're driving people away from crypto.

第三，我認為以太社群是有毒的。我認為他們正在讓人們遠離加密貨幣。

But having said all of that, I do think that ether is a good short-term trade. And I think that there's a lot of money to be made in ether.

但話雖如此，我確實認為以太幣是一項不錯的短期交易。我認為以太幣可以賺很多錢。

So I do trade ether. And I think that it can be a good way to make some quick profits.

所以我交易以太幣。我認為這可能是快速獲利的好方法。

But I don't think that ether is a good long-term investment. And I think that people should be careful about buying ether at these prices.

但我不認為以太幣是個好的長期投資。我認為人們應該謹慎以這些價格購買以太幣。

I think that if you're looking for a good long-term crypto investment, I would recommend Bitcoin over ether.

我認為，如果您正在尋找良好的長期加密投資，我會推薦比特幣而不是以太幣。

RS: Anything on the ether price action that you're watching?

RS：您正在關注以太幣價格走勢嗎？

RW: Yeah, I mean, I'm not excited about it. And I think that it's setting up for a top.

RW：是的，我的意思是，我對此並不感到興奮。我認為它正在為頂部做好準備。

But having said that, I do think that there's a possibility that it could go higher. And I think that there's a lot of people that are still buying ether.

但話雖如此，我確實認為它有可能走高。我認為還有很多人仍在購買以太幣。

So I think that it's possible that we could see a blow-off top in ether. And I think that if that happens, it could be a very profitable trade.

所以我認為我們有可能看到以太幣的爆炸頂部。我認為如果這種情況發生，這可能是一筆非常有利可圖的交易。

But I also think that it's important to be careful and to manage your risk. And I think that if you're trading ether, you should be prepared to lose money.

但我也認為謹慎並管理風險也很重要。我認為如果你交易以太幣，你應該做好賠錢的準備。

I think that the ether price action is setting up for a top. And I think that if you're looking for a good entry point, I would recommend waiting for a pullback.

我認為以太幣價格走勢正在見頂。我認為，如果您正在尋找一個好的切入點，我建議您等待回調。

But again, I'm not a huge ether fan. And I think that there's better crypto out there.

但再次強調，我並不是以太坊的忠實粉絲。我認為那裡有更好的加密貨幣。

RS: I want to ask you about bitcoin ETFs. What do you make of them and how

RS：我想問你有關比特幣 ETF 的問題。你對它們有何看法以及如何看待