The Predator-Prey Dynamics Of Bitcoin: Michael Saylor - Bitcoin Magazine

[@BitcoinMagazine]

"The Deep Dive" delivers the latest Bitcoin on-chain market intelligence directly to your inbox! Get 1 Month free with promo code: YTMAG members.bitcoinmagazine.com/

[@dottiea.2186]

I like how he goes through the Industrial and energy revolution 👏 to explain the common principles to Bitcoin....💰💰

[@stuarthayward4756]

Kudos to the host: no interruptions, let the smartest guy on the chat speak.

[@ggrthemostgodless8713]

A lesson that basically all other hosts should learn... I wonder why those others don't get it that we clicked on the video because of the name in the title... That guy from "What Bitcoin Did" is horrible at this, constantly putting words in the host's mouth by talking and stating a lot of things, then he asks "do you agree" and out of politeness they normally do; very few open ended questions there.

[@SumitGupta-nh1ki]

Once again… the only thing better than bitcoin is michael saylor educating the masses on bitcoin. Pure wealth of knowledge is inspiring.

[@TheBitcoinRevolution]

The man who influenced me to go down the rabbit-hole...

[@robertonofrio7693]

Just the point that Michael would take the time to educate everyone with the passion that he has is amazing. I hear people say " Micheal is just doing this to boost his investment " exactly who wouldn't, stop making it sound like something sinister, Bitcoin will revolutionize our whole economy.

[@llim80]

I wonder if it was Saylor who invented BC? His level of knowledge of BC is God mode.

[@tsialikis1]

Love how Alex is left speechless most of the interview. Saylor is just a bitcoin knowledge beast.

[@pran10000]

every time I listen to Saylor I feel like taking a loan and buying more Bitcoin lol....

[@gisellmorales5007]

Me too!

[@llim80]

I already took out every loan I could. At this point, I'd even knock off banks to buy more bitcoin. Saylor is a freaking GOD

[@robthebongoman3351]

Absolutely

[@curdanivia]

same here!

[@alecpayne18]

Same lol

[@MrChuckomatic]

I’m in awe of Saylor’s knowledge and his ability to articulate it to the masses.

[@PeeedaPan]

Saylor's interpretation of Bitcoin as storing electric energy without energy loss is genius

[@TheBitcoinRevolution]

He is an engineer by trade and MIT educated. He always references physics e.g. thermodynamics. The man's a genius.

[@BitcoinMagazine]

Few.

[@AnhVu-cy5jv]

You have a time stamp? I couldn't find it

[@thisguy3147]

the electric energy is lost. now its a property in cyberspace xD with questionable security.

[@ThomasPisz]

Digital Energy.

[@MetalBum]

Saylor is a gem. Never ceases to amaze me with his brilliant mind.

[@sjay4673]

(35:01) That's exactly what I do myself to maximize my utility. One month of expenses stay in stablecoin (my local currency that local retailers accept) and the rest in btc (my appreciating store of value). Thanks for another great interview with Michael Saylor!

[@bridge5999]

Excellent interview. Great restraint in allowing MS to articulate view and vision. One of the best chats, yet. Thank you!!

[@reginaldedgardo3530]

The market is very unstable and you can not tell If it's going bearish or bullish. I advise y'all to forget predictions and start Making a good profit now because future valuations are all speculations and guesses.When these reports are bullish take some off to the side lines, when news gets bearish start buying. "Keep it simple simple" that bear/ correction was the best thing that happened me. But all thanks to Eric Birger for his amazing skills for helping me to earn 15.6 Btc through trading chart. I believe we are in the spring phase...,

[@Suedplayer94]

Eric Birger helped me to understand technical analysis, now i can examine the current chart. He is definitely the best pro trader i know.

[@westerntree1]

I used to be a great fan of gold and silver, but then I discovered Bitcoin and Ethereum a few months ago. Trading with Eric Birger has been extremely beneficial to me along my trip.

[@reginaldedgardo3530]

@EricBirger THAT IS HIS USER NAME.. HE is available on TELEGRAMS.,.,✔

[@dm09aaj]

It's great to see others who benefit from the service of Eric Birger, I'm currently on my 5th trade with him and it's a nice experience working with him

[@misssophie15]

Trading cryptocurrency can be intimidating, but with the right guidance from someone like Eric Birger, it's definitely worth it

[@remonstrant]

My GOD this man is articulate.

[@pamelawaugh7333]

Love the way Michael Saylor explains the benefits of Bitcoin compared to fiat, or gold. Great education from all he shares. Thank you, Michael.

[@sindicatobtc]

the best host for saylor.. just stays and listen

[@davisboyd6644]

We are living in amazing times folks. Bitcoin will make the world a better place for all.

[@llim80]

Bitcoin and Michael Saylor. Amen brother. I am waiting until he becomes President.

[@natoshisakamoto8812]

I could listen to Michael all day

[@llim80]

Same here. Michael Saylor vs Elon Musk.... I think the world explode. I'd take Michael Saylor by decision though.

[@denverado5594]

I understand 70% of what MS says, but that’s up from 20% four months ago. I’ve listened hard to MS (and a few others) and made a ton of money in a short time by extrapolating and applying what he says about BTC and smart business decisions to personal finance. Learning a system of arbitrage from him, we (1) took out a HELOC on our house and dumped it into BTC and (2) pay for the HELOC from a retirement account. That was scary and really hard for the wife to swallow. But, KNOWLEDGE is the antidote to fear and we pulled the trigger. We’ve made just under 60K in four months. Listen to this sage!!

[@davisboyd6644]

Takes some cajones to do something like that, but you assessed the facts, did your research, and learned from the best. Your family and beneficiaries will thank you for generations to come!

[@sibaroochi]

You made 60k from.btc.going.up?

[@denverado5594]

Yeah, simple as that from our initial $120K. Of course, everything will rise and fall depending on the market. Cardano generally out performs BTC short term and seems staged to rise 3-4X by end of year. So, our strategy now is to put money there, ride it up, and roll it into BTC. This would end our journey for acquiring BTC. (Getting all we can while we can)

[@llim80]

I'll take it a step further not only did I also listen to everything he said, but I will continue to listen to everything he says no matter what it is. If he told me to commit crime, then I'm going to prison. If he told me to sacrifice my life, then I am ready to go.

[@2020_vizion]

Priceless perspective.. Long Live BTC 👑

[@William_Fields]

Damn! That was great. I think I will listen again.

[@shahinir]

This is the best Saylor podcast ever 🙌💯

[@LearntoMakeHonestMoneyOnline]

MICHAEL SAYLOR IS BECOMING THE RICHEST MAN ON EARTH 🌍

[@es106395]

Depends upon your definition of rich. Some of us are already rich...no coin needed.

[@smithric]

Gigachad

[@timazbill7746]

Max keiser likely has more btc than Mikey

[@ryszardmacko6306]

How do you know? Are you jealous?

[@TOMinPDX]

@@es106395 And yet here you are writing a comment on a video about bitcoin. You must be sooo rich. Yawn.

[@Easyway1969]

Thank you mr. Saylor for giving so much of your time.

[@euphoriamorninguk]

Great to hear he's agreed to be interviewed by investanswers. Can't wait for that one.

[@DiiceForeveroO]

If you don’t have the same convictions on bitcoin as saylor, then you are just a tourist

[@llim80]

YES YES!!!! If you don't agree with every word Saylor is uttering, you are a contemptuous fool and deserve to be bankrupt.

[@actnearnane3766]

He has much wider view how society operates and bitcoin’s multiple layers of operating business from individual to government is good for bitcoin

[@kingo55]

Thank you to Michael Saylor for pumping all of our bags.

[@catlyn43]

When Michael Saylor speaks, listen and learn!

[@chrismale9976]

I owe this man a beer

[@llim80]

I owe this man my life.

[@chrismale9976]

@@llim80 Wow, that's a big statement but I see what you're saying. He's changed so many lives for the better

[@branscombe_]

Great interview without fluff. All meat and potatoes.

[@JP-cu2gm]

And next time, lose the potatoes

[@empireorganizing]

This is a doctorate in literally every sector lol. INCREDIBLE!!!

[@haydaryahsi100]

You said, "@/bitcoin is the most disruptive technology of the decade." It's been 10 years since Bitcoin came out, do you mean a decade or a century?

[@AlexXanderMarketing]

More Michael Saylor.

[@TheMrdstroy]

Another Saylor masterpiece goddam

[@peacepantherproductions]

This is so clear and everyone could understand this-- !

[@ryanrobinson7390]

Love the ending

[@louisgreschner2359]

Superior asset, simple as that. Love this guy

[@tristanadam935]

I can listen to this guy all day. great mind.

[@llim80]

I actually sleep with Michael Saylor videos on youtube.

[@marceloloyante844]

Una de las mejores exposiciones que he escuchado de Michael Saylor, brillante, para mí es quien mejor entiende y explica qué es bitcoin, de todo lo expuesto concluyo que bitcoin representa la desmaterialización del capital (Saylor dice propiedad), yo considero que es la desmaterialización del capital, con un capital desmaterializado, luego lo puedo convertirlo en cualquier propiedad que quiera en el futuro (tiempo) y en cualquier lugar (espacio).

[@martin9165]

michael is awesome...really knoes his stuff

[@sleep-aid-hk]

Maybe I’m misunderstanding what Saylor is saying, but I don’t agree with how Bitcoin is a store of energy. With a battery you are able to power whatever you want with it With bitcoin, you rely on other power source, and you can only move bitcoin, not anything else

[@pallavimishra1683]

I wondered exactly the same thing.

[@CaptnSunshine]

August of 2020? I was a bitcoiner before Michael!?

[@ggrthemostgodless8713]

24:25 Visa's cost is 2% in the industrialized nations... in El Salvador, they charge 8% and they have to use that as there was no other workable viable alternative.... imagine running a business with 20% margin profit a year, and Visa takes 8% and the government some other chunk. No wonder Visa and those others are worried and against bitcoin.

[@NapoleonB]

Just came back from the future. All the students were mandated to read The Bitcoin Manifesto by Sir Michael Saylor. The future looks bright, everyone.

[@martinlutherkingjr.5582]

Really wish he would teach how you secure a billion dollars worth of Bitcoin. It’s pretty straightforward to store bars of gold, but like how do you store that billion dollar seed phrase?

[@dospy1]

Custodial firms

[@emadali4833]

It's just a code in your mind , private key of your bitcoin holding ...it's a code as simple as that.

[@roberthodgson3574]

He has released his corporate playbook on how to do this, he even had a conference on this.

[@Cyberpunk2023]

Epic video. My Lord Michael Saylor.

[@stevedonaldson7344]

He is rrally intetesting to listen to

[@fernandosaldivar5135]

The GOAT

[@basemayn]

Around 35:00 Mr. Saylor starts talking about a currency strategy where you keep most of your liquid capital in Bitcoin, but set aside some in your country’s currency for day-to-day transactions. How does this work when say the US government charges you 15% capital gains plus the exchange fees plus the Bitcoin network fee? It makes no sense to lose $175 for a $1000 transaction.

[@thefilmpoets]

Capital gains only applies to gains, so you wouldn’t pay unless you had gains. Secondly, you’d take your income and keep 10% in cash as operating capital, no expenses as it never touch’s the network.

[@4DTravelr]

Loans against your BTC are tax free. It's only taxes if you sell.

[@CmdrCorn]

Yea Saylor would say (Im surprised if he didnt) to borrow against your BTC, like "property in Manhatten" as he would usually say. You simply never sell it. Off topic a little, shorting the dollar by doing this is what rich people have been doing forever, and now that BTC and defi is allowing this sort of thing for regular citizens, this is exactly why Yellen et al is talking about UNrealized cap gain taxes... dubious it will happen quite like that, but they'll find something

[@user-hs6wt2fk9e]

Bitcoin (BTC) is king. If you're not paying attention, you really should be.

[@darinscotto1220]

I < have been investing in stock since 2013, but I must confess that since I started trading and buying crypto I have made more, this is the FOMO October for incoming dip in November. It is manipulated but that can be a good thing if you understand it. We should all know that when these reports are bullish take some off to the side lines, when news gets bearish start buying. "Keep it simple simple" that bear/ correction was the best thing that happened me. but all thanks to John Wesley for his amazing skills for help me to earn 17 BTC through trading chart. I believe we are in the spring phase./

[@bartlattimore3573]

I will recommend John Wesley trading services for you, his strategies is working for me at the moment and making good profit from bitcoin trading.

[@victormarenco6031]

I have been part of his profit for a long time, I can boast highly about him. I made about 8BTC from 2.1BTC after two weeks of trade with Wensley.

[@leighgabbard2074]

What's Wesley Te le g r am Asking ?

[@darinscotto1220]

@@leighgabbard2074 Jwensley

[@darinscotto1220]

@@leighgabbard2074 Jwensley ..Te le gr am,.📧📧📧

[@abhimishra1003]

Stacks bringing smart contracts, DeFi and NFTs on Bitcoin

[@CmdrCorn]

If they can pull this off in the medium term, I would be willing to bet half my portfolio that it will be the narrative/catalyst of either the next halving cycle, or an insane supercycle.

[@rick7972]

What are the chances that a Bitcoin ETF will be bad news for holders of GBTC? Thanks!👍👍

[@roberthodgson3574]

Gbtc conversion to ETF already submitted to SEC yesterday I think.

[@lincolncappe3240]

My question is: even if the transaction cost is as minuscule as $.68 what if hyperinflation drives that number higher? How does BTC become completely independent of fiat?

[@SAL-fs1mr]

If hyperinflation happens in the US dollar, then we'll start quoting the transaction fee in satoshi's.

[@-whackd]

We can already look at transaction fees in terms of satoshis.

[@richardscotford5368]

Too many adds on this interview. let it go. Stop reaching so hard, it's uncool

[@stealth8378]

ffs... it's ridiculous every damn 4 minutes

[@parksittaren]

Yeah super HARD to focus… adds keeps interrupting the king

[@joshuajames2425]

So ridiculous I will never watch again ever!! I don't care if the interview is w Jesus Christ himself.. Un- funcking believable they expect us to watch that many commercials unfortunately I couldn't finish the interview

[@ShaneChiswick]

You got that right - I was going to say the same thing. I only stayed because Saylor is brilliant

[@ShaneChiswick]

@@stealth8378 you got that right!

[@tammylee8420]

God Bless everyone! Happy Thanksgiving 2021!🇺🇲💪💙⚓

[@rubenortega6088]

Amazing

[@llim80]

Michael if anyone questions bitcoin please let me know who they are. I will take care of it.

[@johnjordansailing]

"Dollar is the most stable thing in the universe"... I did not see that coming!

[@ahmadomarsiddiqi]

You might want to learn about the properties of Gold. Gold is the most noble metal in the periodic and an ounce of Gold will be an ounce of Gold 100 years from now with the exact same chemical composition as day 1. I dont know where you get these Bitcoin stats from but its slow AF.

[@thegameon3085]

Enough with the giving ads mate just trying to listen and I have to keep grabbing the phone n skip ad

[@craigshelton5903]

The price of Bitcoin, like stock indexes, correlates 90% or greater to the acceleration of bank Bitcoin margin loan credit. The instant bank Bitcoin margin loan credit goes negative, prices tumble. It’s a pure quantity of money phenomenon.

[@dogefromthefuture]

This video is even more interesting for me, because I remember when Saylor traded his bitcoin for Ethereum after the upheaval, when ethereum's market cap and annual earnings topped bitcoins. It happens in 2022, and everyone gives him shit for it after, but he's a smart guy for doing that.

[@skysurfer]

Help me out here. 38:25 I've heard Michael describe this a few times and I'm still not getting it. I understand it's a collateralized loan, and I understand the ratio of my expenses to the appreciation of bitcoin. What I'm not grasping is how you pay the loan back. Do you pay it with the part of your bitcoin that appreciated? I've also heard that you can simply keep refinancing the loan and you'd include the part you owe in the refi. The loan eventually has to be paid, so how does this work?

[@tonywong6884]

My understanding of Saylor's argument is that your btc holding will appreciate at a higher rate than the interest on the loan. The rationale for not borrowing more than 10% is to withstand the swings in price so that your loan doesn't get called and wipe out your BTC. For example let's say you had $100 of BTC and you borrowed $10 to cover your cost of living in January. Theoretically by the time you needed to repay that $10 your $100 of BTC would be worth at least $120+ allowing you to repay the loan and still be left with a buffer. The critical assumption is that BTC doesn't drop more than 80% in price. Hope this helps👍

[@skysurfer]

@@tonywong6884 I may be overthinking this (happens often). What I have been hung up on is when he says "you never need to sell your bitcoin". Perhaps what he really means is that you never have to decrease the value of your investment because you'd only be selling the amount that appreciated and was needed for the loan payment. At the end of the day you'd be left with less bitcoin, but the dollar value would be the same or higher.

[@overbuiltlimited]

I’ve thought about this as well over the past months. It comes down to having an income stream of some kind to make the payments on the loan and still have enough left over to maintain your lifestyle. Where that income stream comes from is going to differ from person to person. Rental property, pension, dividends, job, business, interest from other Bitcoin that you loaned out, etc. As the loan matures presumably, one could get a second loan and pay off the first loan, thereby rolling the debt to the second loan. Rinse and repeat never having to pay taxes on the loan. The people that own large businesses like Saylor and other very wealthy individuals are used to living off their debt. They don’t see it as something to pay off but as a running expense. Of course the more wealth you have the easier all this is to pull off. That’s my take.

[@johnmcote]

54:29 describes Monsanto's business model! 😐

[@0rangePilled]

Chad.

[@hichammoumin1885]

👍❤️

[@sorush5462008]

Saylor is making you more bullish even when you thought you couldn't be any more bullish.

[@geoleno8284]

When you are calling the wolf for the first time time, folks ignoring you.... at the second time, they hate you.... at the third time, they see the wolf, and they do believe that they meet the best friend....

[@hushamali7539]

Bro talking about frequency and Nikolai Tesla and all that .

[@matts2488]

lol he does ramble but it’s entertaining

[@Samsonight33]

Saylor was brilliant once again, however this interviewer... what a weird vibe, brought no value to the table.

[@lorenkrzykowski2314]

Yeah, It all sounds great, until the internet goes down : )

[@roderickbrackett]

Re: Predator-Pray section- I'm a big MS fan, I'm writing to say that his POV is built on incorrect assumption. He assumes we live in different political jurisdictions, we do not. The entire globe is one jurisdiction, masks proved that. Your move, MS. Where do you go now?

[@jeremymeyer5552]

His ideas are interesting but don't downplay gold you can sell that in every country on earth. Also anonymous and out of the financial system.

[@kftc1980]

If you can move it.

[@noahschmartz2354]

wow , talk about a grilling, go easy there interviewer.

[@meemorelive]

Use your Visa hold Bitcoin, exactly what I do

[@jakevolk_]

And BY THE WAY

[@wyrmie84]

why is greed so admired ?

[@WhateverWasLeft]

Ads every 5min? smh...

[@nudojhan]

You can follow Michael Saylor's common sense or Biden's mandates, it is completely up to you ;)

[@tcperozi8831]

💯🙏

[@HRVGolz]

If you don't plan to hodl bitcoin for at least 10 years, then don't buy bitcoin.

[@justinwinfree7843]

I'm new to this space how come i keep hearing 4 years

[@AESTUBE1]

Since Bitcoin's inception, it has not experienced negative performance during any 4 year hodling period.

[@HRVGolz]

@@justinwinfree7843 If you will hodl for 4 years, its your choice, but If it does not hurt you too much to hodl for at least 10 years in order to maximize the full potential growth of Bitcoin, there you will see where that logic came from.

[@carmenhoney1515]

Geef gio zijn kanaal gewoon terug

[@l.s.754]

Logically, Saylor is correct. But, if you live in a developed countries, like USA, United Kingdom or Canada, no one will cease your property, if you are law obiding citizen!!! LoL As far as cryptocurrency is concerned. Electrical malfunctions, losing public & Private keys, could be detrimental. Storage of bitcoin, is problematic! Wallets, are not trust worthy. Lose your password, and you Lost it all. What if, Servers, storing coins, will deprive an access to your account. LoL Who will support bitcoin, after 21,000,000 coins are mined? The Land, in Manhattan, on which building stands, worth more than building itself. Moreover, not everyone will be able to acquire bitcoin, at the price level, now, late October 2021 price, $66,000 or even higher in the future. Low income people will need to use fiat currency. It must be balanced. Criptocurencies, of course, will flourish in the future due to the mind set. Therefore, It is time to accumulate it. Due to block chain technology. Buying Crypto today, is like buying land in Manhattan, 200 years ago. No one knows its future. Yet, it worth, taking a chance.

[@Angus1507]

What is Michael Saylor’s’ IQ? FFS!

[@TruCorp]

IF? Someone is as big as Jack Dorsy..... Then Just GET THEM TO BUY A WHOLE LOTTA BITCOIN. tru? so why fuck around. Get the job done.

[@tronziebit]

Why people listen this guy? He is just another billionaire trying to convince you to make him richer. If you want BTC, just buy it and own it. Store it in your own wallet.

[@_Fadedpolo]

This guy is just a shameless pumper. Noobs don’t even know what’s going on lol they love it.

[@chrismale9976]

Grow up

[@ParkeLife]

ngmi

[@robertonofrio7693]

Do you own any Bitcoin? Not an investment for you? If you took his advice even for a short term you could be up by multiples so where is he shameful?

[@wyrmie84]

saylor the way you talk.... you are one selfish dude !! you only talk about how you make money - can you summarise what plan you have to do humanity some good?

[@m.s.andbitcoinlife3636]

Saylor is actually a genius. We are so lucky to have him.

[@michealsaylor6028]

Thank you

[@llim80]

There is a concept in baseball called WAR, which basically measures value over a replacement player. If there was a WAR for CEOs most CEOs would have a WAR of 0 meaning they are for the most part replaceable. In baseball a WAR of 10 or over for a season is incredible. Saylor would have a WAR of 1 million even if he didn't do a single other thing for the rest of his life. God bless this man!!!!

[@curdanivia]

totally agree! A gem! He is impressive every single time I listen to him

[@michealsaylor6028]

Bitcoin is actually certain to rise very soon and this is the time to do something out of it I will be helping my subscribers trade their crypto if interested let us know here

[@-envixty]

No he is a theif that steals KZbin channels

[@CmdrCorn]

Man Saylor is a machine. He is looking a little tired, but this man has been giving this schpeil to every KZbinr on Earth for almost a year now. Like he must do this 3 times a week. Half of his brain is sleeping the whole time. What a hardworking marketing machine

[@CmdrCorn]

I mean this in the nicest way possible of course. He thinks about and articulates matters of finance in ways I would be challenged to document in a week, and with extreme clarity, even to a layman of either finance or Bitcoin

[@Samsonight33]

@@CmdrCorn agree, very very high IQ

[@WKLNETWORK]

Most probably can't sleep well every night due to Bitcoin keep falling

[@teo1092]

Every Michael Saylor interview blows everytime my mind🤯

[@TheBitcoinRevolution]

If not seen, watch Saylor's a masterclass in economic calculation. Rabbit-hole followed, thereafter.

[@mistersmith7391]

Just another boomer.

[@TheBitcoinRevolution]

@@mistersmith7391 Saylor is never "just..."

[@llim80]

I would pay Saylor to work at Microstrategy. I really would.

[@notsofast3503]

@@mistersmith7391 Saylor is living rent free in your head too.

[@seis8522]

I bought Bitcoin immediately after listening to Saylor.

[@llim80]

Same here. I also siphoned off all my mom's money to my account and bought bitcoin for her as well.

[@conorkeyes3930]

If Bitcoin is Jesus 2.0 then Michael Saylor is John the Baptist.

[@bodymindsoulmarketing2349]

Every time I listen to Michael Saylor I just want to buy more Bitcoin 🥳

[@konstantink6299]

I have the exact same problem 😄

[@Inzyman100]

Makes 3 of us!

[@emadali4833]

I'm too

[@user-sb6rt9mu9y]

👆👆👆 Join a profitable company without stressing about your work, is a simple trading system just to get your plan of your choice and make a lowest of $2,000 with just a little amount of investment, you can make upto $40,000 to $200,000 within a month depending on your plan of investment

[@cryptonanda]

Simply Brilliant! I wish Saylor would take the ministry of Education & Financing! Big Hug Michael!!!

[@KrattarKrattar]

This is how it sounds when you don’t have to lie, shill or missing a smudge of conviction.

[@davisboyd6644]

Michael, you are an important voice for this space. Keep up the great work!

[@rettoc2599]

Giga Chad is just taunting in this one lmao

[@encapsulationporeuse4247]

"There are NO informed crtitiques" Love it! (@1h35m)

[@roberthodgson3574]

Exactly, all FUD is uninformed.

[@tofuComputer]

Watching this video has changed the way think about Bitcoin completely. I can understand now that it is indeed a store of value, which presents endless value in derivatives. It also influences me even more to continue buying and holding. And most of all, it gives me strong hope.