Your #1 podcast to turn your crypto curiosity into clarity. We discuss topics like: Blockchain Tech, Investing Strategies, Onchain Analysis, Web3 Applications and Use Cases plus cover ecosystems like: Bitcoin, Ethereum, Solana, Cosmos and so much more! 🥛 Get smarter about crypto in 5 minutes with our daily, free newsletter: https://link.milkroad.com/pod-newsletter 💰 Go PRO and Become a better investor with the #1 crypto research and analysis: https://link.milkroad.com/pro-podcast
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Web3 Academy Podcasts
This show helps small businesses, entrepreneurs, and creators understand the business potential of Web3, NFTs, DAOs, and beyond. Join Social Media Examiner's founder Michael Stelzner as he explores this new and exciting frontier. This show is formerly known as the Crypto Business Podcast.
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The Congressional Internet Caucus Academy works to educate policymakers on critical Internet policy issues. With funding and logistical support from the Internet Education Foundation, the Internet Caucus Advisory Committee hosts regular debates to discuss important Internet policy issues. Since its founding, the Internet Caucus Advisory Committee has built a membership of over 200 organizations from a broad cross-section of the public interest community and the Internet industry. The Interne ...
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The embodiment of The Guardian Academy can be summed up by these statements: Live to learn. Give to earn. Educating on how to become a Guardian of your own life through interactive experience and harnessing the power of community to help the diffusion of innovation and develop leadership. TGA focuses on helping to develop amazing humans and removing suffering using the power of Web3.
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Inside the Den is a podcast about connection and the human behind the community in the world of web3. Each week, you’ll hear from an array of extraordinary people building in the blockchain space. Including members and partners inside The Wolf Den - a web3 community of investors, business owners, and people aiming to do good in the world by sharing their stories of transformation and valuable insights on how to be a better human. Listening to this podcast will help you understand the power o ...
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Aahliyah Amerat started her career in business straight out of school, inspired by her father and a book by Robert Kawasaki- Rich Dad Poor Dad. She decided to become a self-employed marketer knocking on doors at 17 years old. Her rapid success in door-to-door sales gave her the confidence to start her journey as a solopreneur in fashion, beauty and education. Since then she has built up two salons and a training academy where she taught specialised beauty treatments and entrepreneurship for ...
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1
Why Ethereum Is About to Take Over This Bull Run w/ Michael Nadeau
54:13
54:13
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54:13In this episode, we sit down with Michael Nadeau, founder of The DeFi Report and one of crypto’s sharpest macro minds, to dissect the perfect storm forming around ETH. From ETFs and treasury demand to a macro backdrop that’s shifting full risk-on, this conversation covers the critical signals most investors are missing. ~~~~~ 📈 Get no trading fees …
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Ethereum’s Next Demand Shock Is Already Underway w/ Kyle Reidhead & John Gillen
55:13
55:13
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55:13In today’s episode, we reveal how public companies are accumulating hundreds of millions in ETH, and why this could become ETH MicroStrategy moment. With Kyle and John in the booth, we unpack how the new ETH Treasury Strategy is triggering a flood of institutional capital, and why this could light the fuse for DeFi Summer 2.0. ~~~~~ 📈 Get no tradin…
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1
Is This the Start of a New Crypto Bull Cycle? Market Radar’s Macro Outlook Explained
43:17
43:17
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43:17On today’s episode, we sit down with the founders of Market Radar, Arty and Gamma, alongside John Gillen, to decode the signals flashing across macro and crypto markets right now. Their quant models don’t trade on gut feeling; they trade on cold, hard data. And guess what? We might be standing at the edge of a full-blown risk-on regime. But don’t a…
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Crypto Pulse Check: Pump.fun Token, ETH Treasury Strategy & VC Funding Trends w/ Keli Callaghan
37:45
37:45
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37:45In today’s episode, we’re joined by Keli Callaghan, early team member at Algorand and now partner at Arrington Capital, to break down the biggest trends shaping crypto markets right now. We dig into the $2.8B surge in crypto VC, the rise of ETH as a treasury asset, and the controversial Pump.fun token launch that some say could signal the end of me…
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How Coinbase Is Building the OS for Crypto Through Strategic Acquisitions w/ Aklil Ibssa
43:41
43:41
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43:41In this episode, we sit down with Aklil Ibssa, Head of Corporate Development at Coinbase, the man behind the $2.9B Deribit deal and the architect of Coinbase’s aggressive global M&A strategy. ~~~~~ 📈 Get no trading fees for your first $25K in trading volume on Definitive: https://out.milkroad.com/Definitive2025Podcast 🏦 Borrow against your Bitcoin …
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1
Crypto Summer Slowdown or Pump? Bitcoin Q3 Price Prediction w/ Julio Moreno
51:43
51:43
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51:43In this episode, we sit down with CryptoQuant’s Head of Research, Julio Moreno, to decode the charts that actually matter. ETF flows are slowing, demand is quietly contracting, and yet… BTC is still holding strong above $100K. Something’s brewing beneath the surface. ~~~~~ 💰 Borrow funds, keep your crypto. All on the Nexo platform: https:/…
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Bitcoin $200k Target Explained, Solana ETF Day 1 & July Crypto Outlook w/ Kelly Kellam
35:38
35:38
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35:38In this episode, we break down exactly why Bitcoin is on track to hit $200,000. From ETF flows and corporate treasury buys to Solana’s game-changing ETF launch with staking rewards, crypto is moving fast… and July might just be the month everything accelerates. ~~~~~ 💰 Borrow funds, keep your crypto. All on the Nexo platform: https://out.mi…
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Crypto Is Macro Now: Bitcoin’s Role in the New Global Order w/ Noelle Acheson
43:14
43:14
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43:14In today’s episode, we are joined by Noelle Acheson, author of Crypto Is Macro Now, to unpack one of the most important but misunderstood shifts happening in global finance: how Bitcoin is quietly positioning itself as both a store of value and a risk-on asset in a world gone mad with debt, money printing, and geopolitical chaos. ~~~~~ 💰 Borrow fun…
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Crypto ATH Incoming? Yes… But Not for All Tokens w/ Ran Neuner
43:35
43:35
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43:35In today’s episode, we sit down with Ran Neuner, founder of Crypto Banter and one of the sharpest voices in the space, to break down the strange divergence between equities and crypto. Bitcoin might be on the verge of a breakout, but altcoins? Not all of them are invited to this party. ~~~~~ 💰 Borrow funds, keep your crypto. All on the Nexo platfor…
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Crypto Pulse Check: Robinhood L2, IPO Mania, HYPE vs SOL & ETH, & Permissionless Recap w/ Blockworks Co-Founder Yano
40:39
40:39
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40:39In this episode, we bring on Blockworks co-founder Jason Yanowitz (Yano) to break down the strange energy of this bull market. Robinhood is launching an L2. IPOs are flying off the shelves. HYPE is quietly flipping SOL and ETH. Meanwhile, Permissionless 2025 may have been the highest IQ conference in years, but no one can agree on the narrative. ~~…
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1
What If the Best Altcoin Play… Isn’t Altcoins? w/ Scott Melker
32:21
32:21
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32:21In today’s episode, Scott Melker (aka The Wolf of All Streets) joins us to break down why most altcoin bags are bleeding out and where the real play of this cycle is happening. ~~~~~ 💰 Borrow funds, keep your crypto. All on the Nexo platform: https://out.milkroad.com/Nexo2025Podcast 🏦 Borrow against your Bitcoin with Ledn, fast, secure, a…
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Bitcoin Is King, Altcoins Rotate: How Smart Money Plays the Market w/ Akshat Vaidya
33:39
33:39
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33:39In today’s episode, we sit down with a veteran investor who’s survived every Bitcoin crash, altcoin mania, and DeFi bubble since 2013, and lived to profit from them all. We unpack why Bitcoin still dominates long-term portfolios, how altcoin cycles are designed to lure and wreck retail investors, and why smart money treats hype like exit liquidity.…
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Are Trump’s Tariffs and Immigration Moves Fueling Growth or Disaster? w/ PDS
1:01:13
1:01:13
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1:01:13In today’s episode, we sit down with legendary macro investor P.D.S. (ex-Soros Fund, Deutsche Bank) to break down how Trump’s trade wars, labor restrictions, and deregulation are really playing out, and what it means for your portfolio. ~~~~~ 💰 Borrow funds, keep your crypto. All on the Nexo platform: https://out.milkroad.com/Nexo2025Podcast…
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1
Solana Is Becoming the Backbone of Tokenized Finance w/ Hadley Stern
36:08
36:08
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36:08In today’s episode, we sit down with Hadley Stern from Marinade Finance to unpack why institutions are betting on Solana, how staking could supercharge crypto ETFs, and whether stablecoins are ushering in a golden age, or just TradFi with a new jacket. ~~~~~ 💰 Borrow funds, keep your crypto. All on the Nexo platform: https://out.milkroad.com/Nex…
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Tether Co-Founder Explains Why The Real Crypto Bull Market Is Still Coming
58:46
58:46
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58:46In today’s episode, we sit down with Tether Co-Founder William Quigley to break down why the real crypto bull run might still be ahead of us. From geopolitical chaos and Trump’s looming tariff war to Bitcoin’s lackluster post-halving performance, we dig into the macro pressure holding the market back, and why Quigley still thinks we’re primed for a…
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What Makes Hyperliquid a Top Portfolio Pick w / Zeneca
49:09
49:09
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49:09In this episode of The Milk Road Show, LG Doucet sits down with legendary crypto investor Zeneca to unpack how he manages his portfolio during volatile times, why he’s doubling down on a token that just dropped 10%, and the mental frameworks that separate tourists from killers in this game. ~~~~~ 💰 Borrow funds, keep your crypto. All on the Nexo pl…
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Bitwise 2025 Crypto Update: Bitcoin, Ethereum & Solana Price Predictions w/ Ryan Rasmussen
41:56
41:56
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41:56What if Bitcoin really does hit $200K? Or Ethereum falls short of $7K? Bitwise’s Head of Research, Ryan Rasmussen, is back to break down their mid-year 2025 crypto prediction update, and some calls are staying strong, while others are getting a haircut. Are we still on track for the bull run, or has it been delayed? ~~~~~ 💰 Borrow funds, keep your …
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Why All Roads Lead to Currency Debasement w/ David Brickell
52:36
52:36
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52:36The Fed can’t stop printing. Governments won’t stop spending. And the debt keeps climbing. So what 's next? In today’s show, we bring on macro expert David Brickell to break down why everything from wars and deficits to rate cuts and inflation fears ultimately leads to one outcome: currency debasement. ~~~~~ 🏦 Borrow against your Bitcoin with Ledn,…
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Audio: Outside of the Box: Rethinking The FCC’s Video Regulations In The Age Of Streaming
1:01:23
1:01:23
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1:01:23This is audio from the June event on “Outside of the Box: Rethinking The FCC’s Video Regulations In The Age Of Streaming” The Future of Online Safety for Kids: Legislative Changes on the Horizon Outside of the Box: Rethinking The FCC’s Video Regulations In The Age Of Streaming SPEAKERS Michael P. O’Reilly, Strategic Advisor & […]…
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Kraken Co-CEO Reveals 3 Massive Shifts Coming to the Crypto Markets w/ Arjun Sethi
41:55
41:55
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41:55What does the co-CEO of one of the world’s largest crypto exchanges see coming next? In this episode, Arjun Sethi (Kraken) pulls back the curtain on the three seismic shifts he believes are about to reshape global markets and why most investors aren’t ready for them. ~~~~~ 🏦 Borrow against your Bitcoin with Ledn, fast, secure, and without selling a…
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1
When Altseason in 2025? The Signals You Need to Know About w/ Jesse Eckel
40:05
40:05
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40:05Is altseason coming in 2025 or is the crypto market still sleepwalking? In this episode, we sit down with legendary investor Jesse (the guy who turned $3K into $600K) to unpack the real signals that drive crypto cycles… From the “11 Rings of Power” to why memecoins are mostly noise, Jesse breaks down where we are in the macrocycle, when altseason c…
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1
Milk Road Mid-Year Crypto Predictions Update for 2025
50:07
50:07
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50:07In this episode, the team revisits their Bitcoin, Ethereum, and Solana price targets. Some targets got crushed early. Others look even more realistic. But one thing’s clear: the cycle isn’t over… and we may be headed for an even bigger run. ~~~~~ 🏦 Borrow against your Bitcoin with Ledn, fast, secure, and without selling a sat: …
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1
The World Is Changing and It’s Bullish for Bitcoin w/ Jeff Park
48:50
48:50
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48:50Today’s guest is Jeff Park, Head of Alpha Strategies at Bitwise and one of the sharpest macro minds in crypto. In this episode, Jeff breaks down why the traditional 60/40 portfolio is officially obsolete, how the global carry trade is unraveling, and why Bitcoin is quickly becoming the most important macro asset of our generation. ~~~~~ 🏦 Borrow ag…
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How to Win Big in High-Risk Crypto Markets w/ LG Doucet
48:16
48:16
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48:16In today’s episode, we bring on Milk Road Degen creator LG Doucet, a battle-tested expert in navigating the riskiest corners of the market. We unpack how LG spots early winners, flips lunch money into life-changing gains, and avoids getting rekt in a market where thousands of tokens can launch in a day. ~~~~~ 🏦 Borrow against your Bitcoin with Ledn…
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1
Investors Using AI Will Outperform Everyone Else w/ Alex Svanevik
43:04
43:04
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43:04Crypto markets move fast, too fast for humans to keep up. In today’s episode, we sit down with Alex Svanevik, CEO of Nansen, to explore how artificial intelligence is reshaping the way investors discover alpha, analyze tokens, and outperform the crowd. ~~~~~ 🏦 Borrow against your Bitcoin with Ledn, fast, secure, and without selling a sat: …
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1
The $260B Crypto Opportunity (And How to Invest in It) w/ Sam Broner
36:28
36:28
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36:28In today’s episode, investor Sam Broner of a16z joins the Milk Road Show to break down the most underhyped sector in crypto: stablecoins. From Circle’s explosive IPO to Stripe expanding from 42 to 160 countries overnight, the writing’s on the wall: traditional finance is being reprogrammed. But here’s the twist: most investors have no idea how to g…
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1
The Biggest Bubble in Crypto Is Coming w/ Rizzo
47:39
47:39
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47:39In this episode, we’re joined by Pete Rizzo, OG Bitcoin historian, and host of Supply Shock, to unpack a growing trend no one’s watching closely enough: Bitcoin treasury companies. From MicroStrategy’s playbook to a wave of new IPOs, this might be the next mania phase just dressed in a suit and traded on the stock market. ~~~~~ 🏦 Borrow against you…
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1
Mark Yusko Reveals How to Build a Bulletproof Crypto Investment Portfolio
48:52
48:52
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48:52In this episode, legendary macro investor Mark Yusko delivers a blunt diagnosis of the global economy: fiat is failing and Bitcoin is the only escape hatch left. With governments drowning in debt and central banks printing like there’s no tomorrow, Yusko explains why we’re heading straight into a global currency collapse… and how you can survive it…
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1
How One Company Is Using Solana to Outperform Bitcoin Treasuries w/ Leah Wald & Max Kaplan
50:45
50:45
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50:45What if MicroStrategy’s Bitcoin play isn’t the most profitable crypto treasury strategy anymore? In today’s episode, we sit down with Leah Wald and Max Kaplan from SOL Strategies, a public company going all-in on Solana, not just by holding it, but by building real infrastructure and revenue streams on top of it. ~~~~~ 🏦 Borrow against your Bitcoin…
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America's Debt Crisis Will Lead to a Mega Asset Boom w/ Lawrence Lepard
43:29
43:29
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43:29In today’s episode, legendary investor and sound money advocate Lawrence Lepard joins The Milk Road Show to explain why the U.S. monetary system is spiraling into a crisis… and how that collapse could kick off the biggest asset boom of our lifetime. ~~~~~ 🏦 Borrow against your Bitcoin with Ledn, fast, secure, and without selling a sat: …
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1
The Bitcoin Floodgates Are About to Open w/ Olivier Roussy Newton
39:37
39:37
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39:37In today’s episode, we sit down with Olivier Roussy Newton, OG Bitcoiner and CEO of DeFi Technologies, to explore a seismic shift quietly building under the surface: sovereign wealth funds, central banks, and pension funds are gearing up to enter Bitcoin… but most still can’t buy yet. The big money is moving silently, are you positioned to front-ru…
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Ethereum Gets a MicroStrategy + Bitcoin Arms Race Begins w/ Milk Road PRO
59:21
59:21
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59:21Corporate Bitcoin buying just hit a new level: Trump Media is dropping $2.5 billion to ape into BTC, Saylor-style. But that’s not all. Joseph Lubin just backed a $425M Ethereum treasury strategy that could make ETH the next reserve asset…Meanwhile, Kaido is turning Twitter influence into money printers, and Virtuals is back from the dead with a poi…
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Bitcoin Is Winning the Macro Game w/ Coinbase Head of Research David Duong
49:06
49:06
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49:06In today’s episode, Coinbase’s Head of Research David Duong joins us to break down why Bitcoin is emerging as the ultimate macro asset in a world of trade wars, fiscal fireworks, and corporate treasury revolutions. From $5B in FTX repayments hitting the market to nation-states eyeing BTC as a strategic reserve, we dig into the biggest forces shapin…
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The US Treasury's Next Move Will Inflate Everything w/ Craig Shapiro
47:20
47:20
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47:20The U.S. is running out of cash and fast. With rising bond yields, ballooning deficits, and a federal court gutting Trump’s tariff strategy, the Treasury is cornered. So what’s their play? Craig Shapiro, macro strategist and portfolio manager, joins Milk Road Macro to break it all down. ~~~~~ 🏦 Borrow against your Bitcoin with Ledn, fast, secure, a…
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Bitcoin Dominance + Is Altcoin Season Already Over? w/ Carl Vogel
46:45
46:45
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46:45Is altcoin season already fading into the rearview? While most of Crypto Twitter is still waiting for liftoff, Bitcoin just keeps ripping and corporations, politicians, and whales are all chasing it. In today’s episode, we sit down with Carl Vogel (GP at 6th Man Ventures) to unpack whether altcoins are tapped out, what’s really driving Bitcoin’s su…
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1
Why Solana DeFi Might Outperform Ethereum This Cycle w/ Sam Andrew
45:17
45:17
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45:17In today’s episode, we get into the DeFi battleground where Solana and Ethereum are going head-to-head. Sam Andrew joins the show to break down why Solana’s DeFi ecosystem, once written off as memecoin central, might be crypto’s most overlooked alpha right now. ~~~~~ 🏦 Borrow against your Bitcoin with Ledn, fast, secure, and without selling a sat: …
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Bitcoin Surge: Sustainable or a Sucker’s Rally? w/ Scott Melker
33:53
33:53
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33:53In today’s episode, Scott Melker joins us to break down the latest in the crypto market. From corporate treasuries buying up Bitcoin at record rates to the long-awaited altcoin season, we get into the shifts happening in the world of crypto. Are we at the peak of the market, or is this just the beginning? Is Bitcoin decoupling from traditional mark…
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1
Hyperliquid Soars, Sui vs Solana & Internet Capital Markets Explained w/ Milk Road PRO
55:40
55:40
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55:40The whole squad is back and so is the bull market energy. In this episode, we break down the biggest trends shaking up crypto right now, from Hyperliquid’s monster comeback to Sui’s rise as the new Solana contender. Is Internet Capital Markets (ICM) the narrative that kills venture capital? ~~~~~ 🏦 Borrow against your Bitcoin with Ledn, fast, secur…
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Predictions for BTC, ETH, XRP, BNB & SOL: Who Will Outperform in 2025? w/ David Siemer
49:15
49:15
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49:15In this episode, we’re joined by David Siemer, CEO of Wave Digital Assets, who gives us a look at what’s really happening behind the scenes, from macro tailwinds and Trump’s crypto push to onchain narratives and the rise of real-world asset tokenization and which top coin will lead in 2025? ~~~~~ 🏦 Borrow against your Bitcoin with Ledn, fast, secur…
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1
Crypto Is About to Go Parabolic + Bitcoin ATH w/ Arthur Hayes
45:18
45:18
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45:18What if the crypto bull market already started and most people missed it? Arthur Hayes returns to the show and drops a masterclass on why April 9th was the real Fed pivot, how Treasury buybacks are the stealth QE nobody’s watching, and why Bitcoin could hit $200K before you’ve had your summer vacation. ~~~~~ 🏦 Borrow against your Bitcoin with Ledn,…
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Bitcoin to $140k in June? 7 Charts That Back It Up w/ CryptoQuant Head of Research Julio Moreno
57:49
57:49
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57:49In this episode, we’re joined by CryptoQuant’s Head of Research, Julio Moreno, who walks us through 7 data-packed charts that reveal what’s really happening under the hood of the crypto market. ~~~~~ 🏦 Borrow against your Bitcoin with Ledn, fast, secure, and without selling a sat: https://out.milkroad.com/Ledn2025Podcast…
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Why Crypto IPOs & M&A Are the Real Alpha in 2025 w/ Coinbase Head of Strategy John D'agostino
31:35
31:35
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31:35The next wave of crypto growth might not come from tokens, it could come from the stock market. In this episode, we get into the real shift happening in crypto: a flood of IPOs, strategic acquisitions, and a surge of institutional interest. Coinbase just acquired Deribit. Circle, Kraken, and eToro are prepping for IPOs. And Big Tech? They’re lurkin…
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1
Time to Go All-In or Correction Incoming? w/ Zeneca
31:13
31:13
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31:13On today’s episode, Zeneca returns from his honeymoon and drops a reality check. While Bitcoin hit its highest weekly close ever, Zeneca’s not chasing green candles, he’s sitting on his hands, stacking stables, and asking the one question every investor should be thinking about: is now the time to go all-in or brace for a correction? ~~~~~ 🏦 Borrow…
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1
The DeFi Bet: Institutional Capital Will Ignite DeFi Summer 2.0 w/ Sid Powell
34:17
34:17
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34:17In this episode, Sid Powell joins us to break down why institutional capital is flooding into DeFi. While retail still chases the casino, the smart money is after real yield, onchain credit, and tokenized assets with actual revenue. Is this the start of DeFi Summer 2.0? ~~~~~ 🏦 Borrow against your Bitcoin with Ledn, fast, secure, and without sellin…
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1
Bitwise CIO Explains Why This Bull Market Is Stronger Than You Think w/ Matt Hougan
25:39
25:39
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25:39In this episode, Matt Hougan, CIO of Bitwise, who makes the case that crypto’s next leg up might be even stronger than the last. We cover macro shifts, why altcoin season won’t look like 2021, the real risk in Washington, and why DeFi might finally be ready for primetime. ~~~~~ 🏦 Borrow against your Bitcoin with Ledn, fast, secure, and without sell…
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1
Will Crypto Keep Going Up? What Comes Next for Markets w/ Kyle Reidhead
45:22
45:22
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45:22In today’s episode, live from CoinDesk’s Consensus 2025, we sit down with Kyle Reidhead to break down where we are in the cycle, where markets are headed next, and how smart investors are allocating right now. ~~~~~ 🏦 Borrow against your Bitcoin with Ledn, fast, secure, and without selling a sat: https://out.milkroad.com/Ledn2025Podcast…
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1
How Smart Bitcoin Investors Pay Less Tax & Never Sell w/ Zac Townsend
45:58
45:58
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45:58In this episode, we sit down with Zac Townsend, CEO of Meanwhile, the world’s first and only life insurance company designed specifically for long-term Bitcoin holders. Zac breaks down how long-term Bitcoin holders are using legacy financial tools like whole life insurance to optimize taxes, protect their heirs, and keep hodling. ~~~~~ 🏦 Borrow aga…
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1
Welcome to the Bull Market That Nobody Believes In (Plus Ethereum vs Solana) w/ Byron Gilliam Blockworks Market Strategist
42:20
42:20
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42:20In today’s episode, Jay is joined by Byron Gilliam, a veteran trader and market strategist at Blockworks, to make sense of the chaos. We get into Ethereum’s explosive rebound, the ETH vs. SOL valuation debate, and why memecoins might be both saving and sabotaging crypto. ~~~~~ 🏦 Borrow against your Bitcoin with Ledn, fast, secure, and without selli…
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Altcoin Season or Fakeout? Why the Numbers Don’t Add Up w/ Milk Road PRO
54:08
54:08
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54:08In this episode, the PRO team breaks down why everyone is suddenly bullish on Bitcoin and why that might be the biggest red flag of all. We get into the macro confusion, retail vs. institutional flows, altcoin madness, and the rise of Boop.fun. ~~~~~ 🏦 Borrow against your Bitcoin with Ledn, fast, secure, and without selling a sat: https://o…
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1
$243M Traded in 7 Weeks: The Zora Explosion Explained w/ Zora Co-Founder Dee Goens
47:46
47:46
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47:46What if your Instagram post had a market cap? What if doomscrolling earned you actual money? In today’s episode, we get into the wild world of content coins with Dee Goens, co-founder of Zora, the crypto protocol turning memes, GIFs, and videos into tradeable, ownable assets. ~~~~~ 🏦 Borrow against your Bitcoin with Ledn, fast, secure, and without …
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