我比其他帽子更喜欢。我认为他们都是一样的。我认为他们都经营得很糟糕。我认为他们都资本不足。我认为他们都管理不善。我认为它们的结构都很糟糕。

我最喜欢的。我没有最不喜欢的。我只是——我不喜欢它们。

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.

表现出色。我的意思是，有些较小，有些较大。我认为有些效率更高，有些效率较低。我认为有些人更诚实，有些人不太诚实。

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.

但我认为他们中没有一个人是表现出色的人。我认为他们都在同一条船上，那就是他们没有很好地管理成本，没有很好地管理资产负债表，也没有很好地回报股东，这真的很不幸。

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

RS：您正在关注或思考政治方面的任何事情吗？

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，我不是一个政治人物，但我确实认为这很有趣。我的意思是，我们让特朗普站出来说他喜欢比特币。我认为这很有趣，因为他有点像民粹主义者。我认为加密货币是一场民粹主义运动。我认为人们有点厌倦了银行和政府，他们正在寻找替代方案。

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.

我认为加密货币就是这种选择。我认为特朗普已经意识到了这一点。我认为他正在尝试加入这一运动。我认为这很有趣。

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.

我还认为有趣的是，我们让 RFK 站出来说他不喜欢比特币。我认为这很有趣，因为他有点像进步派。我认为进步人士通常对新技术更加开放。我认为加密货币是一项新技术。

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.

所以我认为有趣的是他不喜欢比特币。我想他也许不明白。我认为这是有可能的。

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.

我还认为有趣的是，我们让哈里斯站出来说她喜欢加密货币。我认为这很有趣，因为她有点像温和派。我认为温和派通常对新想法更持开放态度。我认为加密货币是一个新想法。

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.

所以我认为她喜欢加密货币很有趣。我想也许她确实明白这一点。我认为这是有可能的。

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.

但总的来说，我认为有趣的是，我们看到来自各个方面的政客都在谈论加密货币。我认为这是时代的标志。我认为加密货币正在变得更加主流。我认为这是一件好事。

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

RS：我想问你有关以太币的问题。我知道你不是以太坊的忠实粉丝。和我们谈谈这个。

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，我不是以太坊的忠实粉丝。我认为这有几个原因。

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，我认为比特币是一项优越的技术。我认为从长远来看，它将成为占主导地位的加密货币。

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

第二，我认为以太币价格过高。我认为它处于泡沫之中。

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

第三，我认为以太社区是有毒的。我认为他们正在让人们远离加密货币。

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.

但话虽如此，我确实认为以太币是一项不错的短期交易。我认为以太坊可以赚很多钱。

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

所以我交易以太币。我认为这可能是快速获利的好方法。

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.

但我不认为以太币是一项好的长期投资。我认为人们应该谨慎以这些价格购买以太币。

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

我认为，如果您正在寻找良好的长期加密投资，我会推荐比特币而不是以太币。

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

RS：您正在关注以太坊价格走势吗？

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，我对此并不感到兴奋。我认为它正在为顶部做好准备。

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.

但话虽如此，我确实认为它有可能走高。我认为还有很多人仍在购买以太币。

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.

所以我认为我们有可能看到以太币的爆炸顶部。我认为如果这种情况发生，这可能是一笔非常有利可图的交易。

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.

但我也认为谨慎并管理风险也很重要。我认为如果你交易以太币，你应该做好赔钱的准备。

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.

我认为以太币价格走势正在见顶。我认为，如果您正在寻找一个好的切入点，我建议您等待回调。

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

但再次强调，我并不是以太坊的忠实粉丝。我认为那里有更好的加密货币。

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

RS：我想问你有关比特币 ETF 的问题。你对它们有何看法以及如何看待