This is your markets minute.

Hugh Hendry, founder of hedge fund Athletica Asset Management, says he's putting his money on the front end of the Treasury curve as it's showing some of the highest yields seen in years. When asked where he would hide his money from the current market volatility and risk, he said he's all about the two year U.S. Treasury.

Let's go back to the silly bank. Okay.

So deposits not a problem. But what about the $75 billion dollars of loans again, that they have to the these little angel companies that are never going to raise more money? And the credit risk is like 0.8% of the total funny. Problems just multiply themselves. 

But to your point.

Yes, take take the risk in two years.

I dare you to take it.

Gold coins.

I really. Let's be contentious. I am very smitten by the grayscale trust. I mean, you don't hear many people saying that today. Why?

Because crypto has had a profound mean reversion.

Okay.

Yeah.

And and the. Oh, I can't think of the proper, appropriate adjective to describe Oh, I can't think of the proper, appropriate adjective to describe the promoters of the trust, but, you know, they're aggressive and they charge they charge 2% on a passive fund. But the passive fund no trades at a 40% discount mean reversion is my friend, right? Right.

Bitcoin fell 80%. I can buy this trust at a 40% discount. I kind of like that. But is it going to go down? Yeah, it's going to go down. 

Maybe we'll see. 

Oh, for sure. It's going down.