So joining us now is the author of that note, Alex Saunders. He is city's head of quant macro research. It's great to have you on, Alex.And let's start right there. What is the bullcase for crypto. >> Yeah, I mean quite simply the bull case is based on flows.Um we've seen a huge amount of flows in the last year. Um and we continue to expect those flows to to to be realized. Um so flows into year end and then flows for the next 12 months.that is really the key determinant of the of the bull case but even the ...