[00:03] the second half of this year. >> Richard, be real with me. How much lower think about it? >> I am actually a believer of the four-year cycle. People probably have asked me this uh many times. I said, you
[00:16] I've been in the industry uh for some time now. The supply dynamics doesn't change. And the demand dynamics will will depend on things like utility utility this year. Uh based on the few things that I
[00:30] mentioned, I think that demand will continue to pick up uh next year. And play, I actually think that, you know, we are pretty close to that bottom. Traditionally, from all-time high, it
[00:45] Traditionally, from all-time high, it takes about 360 380 days for the bottom way up. We are close to 300 days now. So, we are about there, I would say, right? So, it's time to look at the market right
[01:00] closely. I think the first half of this year, you see a lot of interest flowing into AI and semiconductor stocks. Now with some of those trades cooling, I do believe that, you know, you are seeing some healthy flow back into crypto. I
[01:15] think we are ready for uptick towards the second half of this year.