Has Trump really made a mistake? José Luis Cava

[Music] [Music] Hello, how are you? Good morning from Madrid. As you can see, it's freezing in Madrid today. But that doesn't matter. Do you know why it doesn't matter? Because today in Madrid, everyone is eagerly waiting for the arrival of the Dumb Kings. And the one who has started the celebration of the arrival of the Three Kings is Bitcoin and gold. For that reason, the questions we are going to ask today will be two. First question. After removing the cap from Bitcoin's dollar quotation, the question we have to ask is simple. Has Bitcoin's bearish trend concluded? And if so, to what level could Bitcoin's quotation rise in the short term? The second question is obvious. Donald Trump has made a blunder by intervening in Venezuela. If that's acceptable, I'll start trying to answer the second question. Venezuela has, in fact, become a protectorate of the United States. The key now is simple to understand: that an orderly and appropriate political transition is carried out. The political sphere is not my area of expertise. I don't know, I'm not capable of assessing whether the United States have the institutional capacity to carry out this orderly political transition, but the political transition is the key, agreed? For everything else. As I've said before, my area of expertise is economics, not politics. I'll focus on the natural resources that Venezuela has, as the world is doing. But it's striking that no one mentions or considers Venezuela's public debt, the public debt ratio PIF. If we want to know if Donald Trump has made a blunder, we have to look at Venezuela's debts and whether they can be paid. Let's start, if you agree, with the assets, the natural resources of Venezuela. And I want to start with gold, not oil, because I believe the business is in gold. In the short term, the business is not in...