WEBVTT - 2022 Team Favorites: Wen Lambo 0:00:04.040 --> 0:00:11.799 Hi. Hi a Mohammed Faruk, a producer with the Bloomberg 0:00:11.880 --> 0:00:15.240 Trypto podcast team. We're taking a post for the holiday 0:00:15.280 --> 0:00:17.959 and sharing some of our in house favorites as we 0:00:18.000 --> 0:00:22.120 get ready for the new year. Today's replay, He's an 0:00:22.160 --> 0:00:25.840 episode that keeps resonating in my mind while seeing all 0:00:25.880 --> 0:00:30.600 the crypto dramas unfolding everywhere. It relates to one of 0:00:30.720 --> 0:00:35.680 Trypto's magic icons. In my mind, I've always seen a 0:00:35.760 --> 0:00:39.879 crypto die hard sitting somewhere on his computer, watching the 0:00:39.960 --> 0:00:44.440 Trypto prices drag dramatically up and down between mountaintops and 0:00:44.560 --> 0:00:49.479 rock bottoms, and thinking to himself, Yeah, why not. Maybe 0:00:49.880 --> 0:00:53.080 maybe I can seize the right moment and harness the 0:00:53.159 --> 0:00:58.600 riches of Tripto, ruminating over and over about one thing 0:01:00.000 --> 0:01:05.479 in Lambeau. When Lambeau to you, my friend, I give 0:01:05.560 --> 0:01:43.800 you this episode, and I hope you are okay. There's 0:01:43.840 --> 0:01:46.039 a scene in the two thousand and six film The 0:01:46.080 --> 0:01:49.880 Pursuit of Happiness in which actor Will Smith, who plays 0:01:49.880 --> 0:01:54.000 a single father who's broke, homeless looking for a fresh start, 0:01:54.440 --> 0:01:57.680 comes across the stranger stepping out of a red Ferrari. 0:02:00.600 --> 0:02:04.480 Smith says, I just have two questions for you. What 0:02:04.520 --> 0:02:07.280 do you do and how do you do it? The guy, 0:02:07.560 --> 0:02:10.240 super well dressed as you might imagine, replies with a 0:02:10.280 --> 0:02:15.200 confident smile. I'm a stockbroker. If this movie were made, 0:02:15.440 --> 0:02:20.480 say two, that stockbroker would probably be a crypto brow 0:02:21.000 --> 0:02:25.480 and that Ferrari would be a Lamborghini. For years, some 0:02:25.560 --> 0:02:30.000 crypto investors have been consumed by a single persistent question 0:02:30.680 --> 0:02:34.840 when Lambeau. On this episode, we're going to tackle that 0:02:35.000 --> 0:02:39.040 very question. Bloomberger Potsa Hannah Miller actually interviewed an n 0:02:39.080 --> 0:02:43.720 FP artist who blew up a Lamborghini in protests and 0:02:43.840 --> 0:02:47.720 Peter Saddington, a crypto venture capitalist. Crypto is really fast. 0:02:48.040 --> 0:02:50.200 Cars are really fast, and sort a lot of ways 0:02:50.240 --> 0:02:52.880 crypto cars. It just makes a lot of sense. Will 0:02:52.960 --> 0:02:56.280 join me now to take on this burning question about 0:02:56.280 --> 0:02:58.960 one of the most visible status symbols in all of crypto. 0:03:03.639 --> 0:03:07.000 Hanna Pizza, so delighted you can join us today, Pizza, 0:03:07.040 --> 0:03:09.160 I feel obliged to start with you, and I'm going 0:03:09.240 --> 0:03:13.399 to specifically say, please describe the space you are standing 0:03:13.480 --> 0:03:17.799 in right now, the space well, first and foremost, thank 0:03:17.800 --> 0:03:19.720 you so much for this opportunity to hang out with 0:03:19.720 --> 0:03:22.440 you guys, and maybe tell a little bit about my story. 0:03:23.000 --> 0:03:26.799 Speaking a story, This garage was actually created in my 0:03:26.840 --> 0:03:30.520 mind years before I even built the garage, and so 0:03:30.720 --> 0:03:37.480 this was truly my dream to have two screens, building code, writing, 0:03:37.600 --> 0:03:41.200 writing software, building companies, and then when I'm done with 0:03:41.240 --> 0:03:43.320 all of that, I can turn it all off and 0:03:43.360 --> 0:03:45.920 put my hands to building race cars and go carts. 0:03:45.920 --> 0:03:49.880 So I'm living the dream, baby, I'm living it. So 0:03:50.080 --> 0:03:56.640 do you pizza have a Lamborghini? Yes, there's a picture. 0:03:56.680 --> 0:04:00.680 There's a picture of of my the bitcoin Lambeau behind me. 0:04:00.760 --> 0:04:03.520 So this is the famous bitcoin lambou that was purchased 0:04:03.520 --> 0:04:09.240 with bitcoin in two and how much would that bitcoin Lambeau, Like, 0:04:09.280 --> 0:04:12.320 what's the what's the price that that would have sold for? Now? 0:04:12.360 --> 0:04:16.400 What current bitcoin rates? So you could pretty much multiply 0:04:16.520 --> 0:04:19.880 it by four times. And so I bought this bitcoin 0:04:20.000 --> 0:04:24.559 lambo for forty five bitcoin when bitcoin was about five 0:04:24.680 --> 0:04:27.440 thousand dollars, and so we're sitting about four x that 0:04:27.560 --> 0:04:29.960 right now. So if you're looking at a two hundred 0:04:30.000 --> 0:04:32.680 thousand dollar Lambo, you're looking at really maybe at eight 0:04:33.560 --> 0:04:38.560 thousand dollar Lambo. But in my defense, the smiles per 0:04:38.600 --> 0:04:43.039 gallon that I got out of my God, that is 0:04:43.120 --> 0:04:47.440 the wind. I'm not convinced that SMG is a real metric. Oh, 0:04:47.480 --> 0:04:50.800 come on, SMG. It's totally something that the car guys 0:04:50.880 --> 0:04:57.080 know all about, right, guys, bucked me up? Uh huh? Well, 0:04:57.240 --> 0:05:01.080 how do you wrote a story that is all about 0:05:01.120 --> 0:05:05.000 the culture that Pizza is so clearly an enthusiastic participant in, 0:05:05.720 --> 0:05:09.400 which is you know, crypto mostly dudes, not exclusively dudes 0:05:09.600 --> 0:05:12.320 and fast cars, and so please tell us a little 0:05:12.320 --> 0:05:14.599 bit more about your reporting and how you found Peter 0:05:14.680 --> 0:05:17.600 in the first place. Yeah. Well, the inspiration behind this 0:05:17.640 --> 0:05:21.080 story was one of my favorite crypto memes, which is 0:05:21.120 --> 0:05:25.800 when Lambeau and it refers to you know, you're becoming 0:05:25.880 --> 0:05:30.160 so successful with crypto trading, your assets have sword and value, 0:05:30.320 --> 0:05:34.080 you're super wealthy, and you can purchase a luxury sports 0:05:34.160 --> 0:05:37.839 car like that's the signal that you've made it. Um. 0:05:38.120 --> 0:05:42.120 So I had heard about Peter um with his Lamborghini 0:05:42.320 --> 0:05:45.400 purchase that he didn't bitcoin. I knew about him. I 0:05:45.440 --> 0:05:49.719 also know his twin, so it was a happy connection. 0:05:50.480 --> 0:05:53.520 Um and I figured you'd be the perfect person to 0:05:53.560 --> 0:05:56.400 talk about this because he kind of led the charge 0:05:56.760 --> 0:06:01.480 in terms of buying Lamborghini's in bitcoin. You know. So 0:06:01.600 --> 0:06:03.599 your story was about this culture, but it was also 0:06:03.640 --> 0:06:07.920 about the fact that in the current crypto winter, where 0:06:07.960 --> 0:06:11.160 not everyone currently has, say, the discretionary income to spend 0:06:11.760 --> 0:06:15.880 bitcoin on a on a Lamborghini, there are still people 0:06:15.880 --> 0:06:18.599 who are making it work. Yeah. I was curious to 0:06:18.600 --> 0:06:22.840 see how crypto winter affected demand for Lamborghinis, if it 0:06:22.880 --> 0:06:25.520 affected it at all. Um So I set out. I 0:06:25.560 --> 0:06:29.120 spoke to a bunch of luxury car dealers. I talked 0:06:29.160 --> 0:06:32.719 to people in the crypto car community. Uh, and I 0:06:32.960 --> 0:06:36.039 tried gathering is as much evidence as possible to to 0:06:36.040 --> 0:06:38.839 write this story. And it was really interesting what I 0:06:38.880 --> 0:06:42.159 came across. When I talked to Peter, for example, he 0:06:42.279 --> 0:06:44.120 mentioned that, you know, he was still all in, and 0:06:44.160 --> 0:06:47.279 that his friends weren't really hurting, that they're all really 0:06:47.320 --> 0:06:51.440 smart investors. They've made, you know, their gains in crypto, 0:06:51.720 --> 0:06:55.120 they've planned wisely, and that he didn't know of anyone 0:06:55.200 --> 0:06:59.000 selling their cars. And then I spoke to a crypto 0:06:59.200 --> 0:07:03.880 specific auto dealer called auto coin Cars, and they said 0:07:04.040 --> 0:07:07.920 they actually saw a lot of people buying Lamborghinis at 0:07:07.920 --> 0:07:12.040 this time because they wanted to switch from crypto to 0:07:12.160 --> 0:07:16.960 an asset that actually appreciates and value that Lamborghinis there there, 0:07:17.040 --> 0:07:19.040 they hold their value really well. They can go up 0:07:19.080 --> 0:07:21.960 in price, and you know, so they wanted to kind 0:07:21.960 --> 0:07:26.040 of escape the volatility of crypto by purchasing these luxury cars. Okay, 0:07:26.040 --> 0:07:28.960 there's a part of me that is like, you're switching 0:07:29.000 --> 0:07:35.040 out of a riskier asset class into fast cars in 0:07:35.160 --> 0:07:39.720 order to make wiser investment decisions. I have several falls 0:07:39.800 --> 0:07:44.880 up questions about the Rationalee, Peter, I'll turn to you, 0:07:45.520 --> 0:07:48.040 Is it in fact true that these are cars that 0:07:48.080 --> 0:07:50.320 hold their value once you drive them off the lots? 0:07:51.040 --> 0:07:54.360 The real answer is it depends. And for all of 0:07:54.400 --> 0:07:57.120 the Porsche fans out there, you'll love hearing me say 0:07:57.200 --> 0:08:00.559 that Porsche's, especially some of the real expend some ones 0:08:00.760 --> 0:08:05.400 really hold their value well and generally they're in my opinion, overinflated. However, 0:08:05.480 --> 0:08:08.880 when it comes to Lamborghini's, we found, especially for some 0:08:08.960 --> 0:08:11.360 of the older generations and the older models, they do 0:08:11.480 --> 0:08:14.800 hold their value and they do rise in price. And 0:08:14.880 --> 0:08:18.160 so what what Hannah has found is not wrong. It 0:08:18.200 --> 0:08:20.280 really depends on the type of car and the type 0:08:20.280 --> 0:08:22.760 of make and model. And what we found, especially with 0:08:22.800 --> 0:08:24.560 the network in the community that I have in the 0:08:24.600 --> 0:08:27.600 crypto and car space. These are savvy investors and so 0:08:27.760 --> 0:08:31.400 for them to purchase some random Lamborghini is rarely the case. 0:08:31.680 --> 0:08:34.080 It's usually a well thought out process of how can 0:08:34.120 --> 0:08:36.600 I dump this, how can I dump this this token 0:08:36.880 --> 0:08:39.400 into this car that I assume that this car is 0:08:39.400 --> 0:08:42.560 gonna go up and appreciate in this particular car market, 0:08:42.760 --> 0:08:44.840 and I'll get a great six months out of it, 0:08:44.920 --> 0:08:47.280 you know, smiles, broke allen and maybe convert it back 0:08:47.280 --> 0:08:50.440 into crypto. What has been really intriguing for me being 0:08:50.480 --> 0:08:53.520 behind closed doors and Telegram groups and we chat groups 0:08:53.559 --> 0:08:57.080 and discord groups around crypto and cars is that there's 0:08:57.120 --> 0:09:02.160 a lot of interperson trading from crypto two cars. That is, 0:09:02.640 --> 0:09:05.320 let's just say, crypto allows for the transaction to move 0:09:05.400 --> 0:09:09.760 quite smoothly, and so we're seeing this really popular market 0:09:09.880 --> 0:09:13.520 of you know, individuals essentially being being able to say, well, 0:09:13.600 --> 0:09:15.800 why should I go to a dealership, why should I 0:09:16.000 --> 0:09:18.760 have it on consignment when you're willing to give me 0:09:18.880 --> 0:09:21.719 bitcoin and I'm willing to give you the title, right, 0:09:21.760 --> 0:09:24.120 So it's like an OTC market for cars in crypto. 0:09:25.080 --> 0:09:28.440 It these types of markets emerge indeed they do. They 0:09:28.480 --> 0:09:32.560 also emerge and shall we say shady or circumstances. So 0:09:32.720 --> 0:09:35.079 you know, some some of the reporting that's been out 0:09:35.120 --> 0:09:38.319 there is the fact that some of these cars are 0:09:38.360 --> 0:09:43.120 so custom so unique, that they make easy targets for 0:09:43.280 --> 0:09:46.880 when the driver or the owners are you know, come 0:09:46.960 --> 0:09:51.120 under say, regulatory scrutiny, criminal scrutiny. It's almost like in 0:09:51.160 --> 0:09:54.240 the same way that in the very early days of 0:09:54.920 --> 0:09:59.079 UM Russia and Russian individuals being sanctioned. The first one 0:09:59.080 --> 0:10:00.760 of the first things that people are going afterwards, like 0:10:00.760 --> 0:10:04.400 the yachts. They're like, oh, that yachts. Definitely that guy's yachts. 0:10:05.320 --> 0:10:07.040 We know exactly where that yata is. We're going to 0:10:07.120 --> 0:10:11.880 take that yacht. Why do you think people, even people 0:10:11.880 --> 0:10:15.960 who should perhaps be better at hiding their tracks, find 0:10:16.000 --> 0:10:19.599 it so hard to resist the siren song of extremely 0:10:19.720 --> 0:10:25.240 distinctive and expensive cards. I think there's a human nous 0:10:25.240 --> 0:10:28.400 and a human need in all of us actually for nice, 0:10:28.559 --> 0:10:31.960 shiny things and new things. Let's be honest, don't we 0:10:32.040 --> 0:10:34.599 like new And so it's interesting with the rise of 0:10:34.640 --> 0:10:37.600 cryptocurrency and obviously this meme that I love, actually I 0:10:37.640 --> 0:10:39.880 love this meme because it brings a lot of public 0:10:39.920 --> 0:10:42.720 eye to the world of cryptoc currency, and they might say, oh, 0:10:42.800 --> 0:10:46.840 you're you're just buying luxury goods. Well, luxury goods are 0:10:46.880 --> 0:10:50.440 also great investments if you invest wisely and you purchase wisely. 0:10:50.600 --> 0:10:55.400 This is not investment advice. Is the investment advice for sure? Uh? 0:10:55.440 --> 0:10:57.880 And so why are why are these types of individuals 0:10:57.920 --> 0:11:01.280 attracted to it? You know what, crypto and cars goes 0:11:01.360 --> 0:11:04.480 hand in hand. If we think of the foundational element 0:11:04.520 --> 0:11:07.360 of crypto and cars, it's kind of speculative and it's 0:11:07.440 --> 0:11:10.920 kind of fun. Crypto is really fast, cars are really fast, 0:11:11.080 --> 0:11:12.920 and so in a lot of ways, crypto and cars 0:11:13.080 --> 0:11:15.679 it just makes a lot of sense. And we're seeing 0:11:16.040 --> 0:11:19.520 a huge rise in crypto and car meetups that are 0:11:19.520 --> 0:11:23.200 popping up all over the world. Right, So I suppose 0:11:23.200 --> 0:11:25.080 they're you know, they're kind of multiple sizes of this equation. 0:11:25.120 --> 0:11:26.800 But something that you said about crypto and cars going 0:11:26.840 --> 0:11:30.440 hand in hand. You know, if if anybody outside of 0:11:30.800 --> 0:11:33.439 I would say, like crypto insider universe recognize as a 0:11:33.440 --> 0:11:35.520 crypto person, it's probably gonna be sound back from Trade, 0:11:35.760 --> 0:11:40.360 who famously does not drive a Lambo. How come he 0:11:40.440 --> 0:11:43.480 seems to be the type of individual where fast cars 0:11:43.600 --> 0:11:46.320 and these types of things probably isn't his cup of tea, 0:11:46.559 --> 0:11:49.000 And that's okay too. What I love about crypto and 0:11:49.080 --> 0:11:53.240 cars is that if you've never heard about cryptocurrency, getting 0:11:53.240 --> 0:11:56.240 in being in the car community, crypto is moving its 0:11:56.280 --> 0:11:58.840 message through that, and so I love the fact that 0:11:58.880 --> 0:12:01.640 people are learning about it. Sam bang fan Freed. He 0:12:01.720 --> 0:12:05.240 serves a different market, he serves a different image, and 0:12:05.760 --> 0:12:08.120 good or bad. Some people call him the spokesperson of 0:12:08.160 --> 0:12:10.079 crypto now since he's all the way up on the hill, 0:12:10.920 --> 0:12:13.000 good or bad, he's getting the message out and for me, 0:12:13.280 --> 0:12:16.320 that's a big win. Yeah. So he might not have 0:12:16.360 --> 0:12:19.720 bought a Lambo for himself, but he actually bought one 0:12:20.360 --> 0:12:25.200 for a famous crypto Twitter personality who you know was 0:12:25.240 --> 0:12:29.160 celebrating him being this massive philanthropist giving away his money 0:12:29.200 --> 0:12:32.000 and said, hey, you're so rich, how about you buy anyone? 0:12:32.240 --> 0:12:34.760 And SPF came through and did buy him one. So 0:12:34.760 --> 0:12:36.360 it might not be for himself, but it might be 0:12:36.400 --> 0:12:38.680 for other people. Who is this person for whom he 0:12:38.720 --> 0:12:44.440 bought a lambo? His like user name is Greg. We'll 0:12:44.440 --> 0:12:46.640 be right back with more from Bloomberger post at Hannah 0:12:46.640 --> 0:12:50.480 Milla and from crypto venture capitalist Peter Saddington on Lambo's 0:12:50.520 --> 0:13:04.360 and crypto culture. You know, US politics is a complex place, 0:13:04.400 --> 0:13:06.520 and it certainly goes in terms of cycles of like 0:13:06.559 --> 0:13:10.400 populist backlash, and you know, people worried about consumption and 0:13:10.520 --> 0:13:13.520 over consumption, whether you're talking about the climates or environmental 0:13:13.760 --> 0:13:16.440 or other angles. And I suppose this is a question 0:13:16.440 --> 0:13:20.600 for you and Um Pizza both. Is there any fear 0:13:21.160 --> 0:13:28.840 that you know, being this luxury good forward increases the 0:13:28.840 --> 0:13:31.040 potential backlash from people who are like, I'm so glad 0:13:31.040 --> 0:13:32.880 you're buying Lambos, but I just lost all my money 0:13:32.880 --> 0:13:35.680 in a Celsius bankruptcy filing. Yeah. Well, it was really 0:13:35.720 --> 0:13:40.280 interesting that when Bloomberg interviewed the founders of three Hours Capital, 0:13:40.679 --> 0:13:44.480 they specifically distanced themselves from lambeau culture, and they said, 0:13:44.520 --> 0:13:46.880 we don't have Lambos, we don't have ferraris. You know, 0:13:47.040 --> 0:13:51.560 we bike to work. I think, yeah, okay, Um, and 0:13:52.400 --> 0:13:54.400 they It's very interesting that there are people who do 0:13:54.480 --> 0:13:58.200 try to distance themselves from this very flashy symbol of 0:13:58.240 --> 0:14:01.520 wealth and excess. And for the story, I actually interviewed 0:14:01.520 --> 0:14:04.920 an n FP artist who blew up a Lamborghini in 0:14:05.160 --> 0:14:09.920 protests of this consumerist culture within Crypto, this get rich 0:14:10.000 --> 0:14:13.480 quick ideal, and he ended up selling n f T 0:14:13.640 --> 0:14:17.000 s inspired by that detonation for two point two million dollars. 0:14:17.040 --> 0:14:19.960 So it's it's it's a very interesting cycle. But yes, 0:14:20.000 --> 0:14:23.880 I do think there's this concern that this flash, these lambos, 0:14:23.920 --> 0:14:28.400 these ferraris could again draw greater scrutiny from the government 0:14:28.600 --> 0:14:34.240 and not help Crypto's overall image and pizza. If you 0:14:35.520 --> 0:14:38.400 let's say, you know, I'm we're talking, I don't know 0:14:38.480 --> 0:14:40.240 the cryptom was fast. It could be three months from now, 0:14:40.280 --> 0:14:41.720 it could be five years from now. But let's say 0:14:41.720 --> 0:14:44.480 people are no longer into these kinds of cars. What 0:14:44.520 --> 0:14:47.360 do you think would be the sort of the next 0:14:47.480 --> 0:14:49.760 niche and crypto where people are like, okay, but this 0:14:49.840 --> 0:14:51.440 is the new thing, this is the new states a 0:14:51.520 --> 0:14:55.080 symbol and everybody's excited about it. Well, I would have 0:14:55.160 --> 0:14:59.720 to say absolutely that fast sports cars will never go away. 0:15:00.320 --> 0:15:03.240 I think there's just too much of a primal desire 0:15:03.280 --> 0:15:07.240 in man to just go fast. Now, you do ask 0:15:07.280 --> 0:15:10.160 an interesting question about where we're gonna be putting money next. Well, 0:15:10.480 --> 0:15:13.200 we've seen Facebook, We've seen a lot of big companies. 0:15:13.320 --> 0:15:16.640 Meta is going into the web three auto space that 0:15:16.840 --> 0:15:20.160 defy space. And so certainly we've seen a rise in 0:15:20.280 --> 0:15:24.920 digital real estate and digital property. You guys have covered 0:15:24.920 --> 0:15:27.720 Snoop Dogg and talking about all the digital property and 0:15:27.800 --> 0:15:30.080 n f T s that he's selling, and so we 0:15:30.160 --> 0:15:34.200 have seen this growth in digital property continuing to grow, 0:15:34.760 --> 0:15:36.520 and I think that's going to be a gold mine 0:15:36.720 --> 0:15:39.960 for the right people, the right operators, and the right investors. 0:15:40.320 --> 0:15:44.600 Are you gonna have lambos in your metaborth? Oh? Absolutely absolutely. 0:15:45.120 --> 0:15:47.280 It has to be true to form. It has to 0:15:47.320 --> 0:15:50.200 be What color will they be? What color do you 0:15:50.240 --> 0:15:52.880 want it to be? I'm not going to drive one, 0:15:53.040 --> 0:15:55.000 so let's make it. Let's make it red. I think 0:15:55.000 --> 0:15:57.000 a red Lambeau makes a lot of sense. It red 0:15:57.040 --> 0:15:59.840 lambos and make it orange for bitcoin, orange for bitcoin. 0:16:00.000 --> 0:16:02.960 It's even more so Anna, as a person who also 0:16:03.000 --> 0:16:04.480 does not own a Lambo, I want to give you 0:16:04.520 --> 0:16:08.120 the last words. Yeah. Well, it's interesting that you guys 0:16:08.120 --> 0:16:09.880 are talking about the metaverse. I mean, one of the 0:16:09.960 --> 0:16:13.160 auto deal dealers I spoke with for the story, they're 0:16:13.200 --> 0:16:16.600 super high end, they're in Beverly Hills. Uh, they have 0:16:16.760 --> 0:16:21.280 not seen any impact on Lamborghini demand when it comes 0:16:21.280 --> 0:16:24.440 to Crypto Winter. They told me that there they totally 0:16:24.440 --> 0:16:27.440 have their eyes in the metaverse and they're actually looking 0:16:27.440 --> 0:16:31.000 into like pairing digital cars and digital driving experiences with 0:16:31.120 --> 0:16:34.320 these super high end vehicles that they sell. I can't 0:16:34.360 --> 0:16:36.840 wait to see how some entrepreneur tries to solve the 0:16:36.840 --> 0:16:42.080 problem of parking in in web three so fantastic. Sounds 0:16:42.080 --> 0:16:44.600 like a duel to me. I mean, shouldn't shouldn'ty just 0:16:44.640 --> 0:16:46.840 fight it out? Isn't that what they really want to do? No, 0:16:47.000 --> 0:16:49.640 I think they should race. That's obviously the solution to 0:16:49.680 --> 0:16:52.560 that one. I'll take that too, all right. Well, Pizza, 0:16:52.560 --> 0:16:54.640 thank you so much for joining us from your garage, 0:16:55.040 --> 0:16:57.960 and Hannah, thank you for dialing in from San Francisco. 0:16:58.080 --> 0:16:59.880 Is a real pleasure to talk to you both. Thank you, 0:17:00.480 --> 0:17:04.320 Thank you. You can find more of Hannah Miller's reporting 0:17:04.359 --> 0:17:07.280 on the Bloomberg Terminal on Bloomberg dot com or follow 0:17:07.280 --> 0:17:14.000 her on Twitter. She's at h G. Miller Twine. On 0:17:14.040 --> 0:17:16.800 the next episode of Bloomberg Crypto, would you go to 0:17:16.840 --> 0:17:20.760 a store for a blockchain? The people who opened a 0:17:20.840 --> 0:17:25.200 real life retail experience dedicated to the Salona blockchain call 0:17:25.280 --> 0:17:28.840 Salana Spaces are betting that you will. We send our 0:17:28.880 --> 0:17:34.119 reports Emmanuel John Milton to take a look. The supervising 0:17:34.160 --> 0:17:37.479 producer of Bloomberg Crypto is Vicky Very Galina. Our senior 0:17:37.480 --> 0:17:40.959 producer is Janet Babin. Our producers are Mohammed Ferup and 0:17:40.960 --> 0:17:44.600 Sharon Barriro. Our associate producers or Zanam Siddiki, Thie Butler 0:17:44.680 --> 0:17:47.720 and Moses and um Jsta wonder At is our engineer. 0:17:48.119 --> 0:17:52.840 Original music by Leo Sidrin. I'm Stacy Marie schmil We'll 0:17:52.840 --> 0:17:59.480 be back tomorrow. Correction. A previous version of this episode 0:17:59.520 --> 0:18:02.440 set the move The Pursuit of Happiness was set in 0:18:02.520 --> 0:18:06.159 New York. It was set in San Francisco. We regret 0:18:06.200 --> 0:18:06.680 the error.