emily: nikesh arora ceo of palo alto networks. thank you for stopping by.g up, how the crypto winter, coupled with an energy crunch, bypassing bitcoin mining. more on that coming up. this is bloomberg. ♪ emily: emily: time for our crypto report, the usually volatile crypto, with a narrow range ahead of the jackson coal meeting, covering around -- jackson hole meeting. he talked with crypto share. earlier to talk about the markets impact on bitcoin. >> it has been a difficult time and i was with a bunch of the miners in miami a month ago. the mood is a little darker. the bitcoin pricing under $20,000 is not good for anyone because profitability tends to flip negative for a lot of large minors around these levels. the cost of machines have gone down. if you are buyer of machines, you're getting a much better price and you were a year ago. energy prices, while there going up, they can be held down a bit by macro at least in the u.s. where there is an oversupply of energy. i believe, based on the metric that looks at the 30 day moving average, relative to the 6