"Y como pueden ver en este gráfico, si superponen los rendimientos de las acciones con el número de personas de 30 a 50 años, el mercado de valores siempre ha subido parabólicamente. Y esto nos dice que los mercados, el S&P, podrían estar entre 15.000 y 18.000 para finales de esta década." "And as you can see on this chart, if you overlay equity returns with uh the number of people aed 30 to 50, the stock market has always risen parabolically. And this tells us that markets the S&P could be 15,000 to 18,000 by the end of this decade."

… ut at Fundstrat, uh, which is another hat I wear, we've been bullish on stocks, uh, structurally, and a lot of it has to do with this chart. This chart is the number of people in America, age 30 to 50. Every time it goes up, the US economy will grow faster than trend. And we are seeing this above trend because of millennials, Gen Z, and Gen Alpha. And as you can see on this chart, if you overlay equity returns with uh the number of people aed 30 to 50, the stock market has always risen parabolically. And this tells us that markets the S&P could be 15,000 to 18,000 by the end of this decade. So, uh, as we think about Ethereum's price, I do think it all comes down to what Bitcoin does. So, here's Ethereum's price ratio. I think the long-term average is the number just to think about, which is 0.048 and the 2021 high of 087. If I lay that to where we think Bitcoin fair value should be, which is around 250,000, um the 2021 high average f …