.ArticleApproval-module__tqsEhW__approval{font-size:var(--type-label-size);font-weight:var(--type-label-weight);letter-spacing:var(--type-label-letter-spacing);text-transform:var(--type-label-transform);color:var(--color-faint);margin-top:10px}
.Panel-module__nTXJ8W__panel{background:var(--color-paper);border:1px solid var(--color-hairline);min-width:0;color:var(--color-penn);border-radius:4px;flex-direction:column;gap:16px;margin:20px 0;padding:20px;display:flex}.Panel-module__nTXJ8W__title{font-weight:var(--type-panel-title-weight);font-size:var(--type-panel-title-size);line-height:var(--type-panel-title-line-height);letter-spacing:var(--type-panel-title-letter-spacing);color:var(--color-penn);margin:0}.Panel-module__nTXJ8W__intro{color:color-mix(in srgb, var(--color-penn) 85%, transparent);margin:0}.Panel-module__nTXJ8W__note{color:var(--color-muted);font-variant-numeric:tabular-nums;margin:0;font-size:.78rem}.Panel-module__nTXJ8W__sources{color:var(--color-faint);font-variant-numeric:tabular-nums;flex-direction:column;gap:2px;margin:0;padding:0;font-size:.72rem;list-style:none;display:flex}.Panel-module__nTXJ8W__sourceItem{display:block}.Panel-module__nTXJ8W__chart{width:100%;min-width:0;position:relative}.Panel-module__nTXJ8W__chart svg{width:100%;height:auto;display:block;overflow:visible}.Panel-module__nTXJ8W__readouts{background:var(--color-line);border:1px solid var(--color-line);grid-template-columns:repeat(auto-fit,minmax(140px,1fr));gap:1px;min-width:0;display:grid}.Panel-module__nTXJ8W__readout{background:var(--color-paper);flex-direction:column;gap:2px;min-width:0;padding:12px;display:flex}.Panel-module__nTXJ8W__readoutValue{font-weight:var(--font-heading-weight);color:var(--color-penn);font-variant-numeric:tabular-nums;font-size:1.6rem;line-height:1.2}.Panel-module__nTXJ8W__readoutLabel{color:var(--color-muted);font-size:.78rem;line-height:1.4}.Panel-module__nTXJ8W__ctrls{grid-template-columns:repeat(auto-fit,minmax(180px,1fr));gap:14px 22px;display:grid}.Panel-module__nTXJ8W__ctrl{flex-direction:column;gap:6px;min-width:0;display:flex}.Panel-module__nTXJ8W__ctrlLabel{color:var(--color-muted);justify-content:space-between;gap:12px;font-size:.86rem;display:flex}.Panel-module__nTXJ8W__ctrlValue{color:var(--color-penn);font-weight:var(--font-heading-weight);font-variant-numeric:tabular-nums}.Panel-module__nTXJ8W__range{width:100%;accent-color:var(--color-palatinate);height:28px;margin:0}.Panel-module__nTXJ8W__range:focus-visible{outline:2px solid var(--color-palatinate);outline-offset:2px}
.cycle-table-module__zyAooG__table{flex-direction:column;gap:2px;display:flex}.cycle-table-module__zyAooG__headRow,.cycle-table-module__zyAooG__row{grid-template-columns:118px minmax(0,1fr) 92px 88px;align-items:center;gap:12px;display:grid}.cycle-table-module__zyAooG__headRow{border-bottom:1px solid var(--color-line);font-size:var(--type-label-size);font-weight:var(--type-label-weight);letter-spacing:var(--type-label-letter-spacing);text-transform:var(--type-label-transform);color:var(--color-muted);padding-bottom:6px}.cycle-table-module__zyAooG__headRow .cycle-table-module__zyAooG__headEnd{text-align:right}.cycle-table-module__zyAooG__row{border-bottom:1px solid color-mix(in srgb, var(--color-penn) 8%, transparent);padding:10px 0;font-size:.86rem}.cycle-table-module__zyAooG__year{color:var(--color-penn);font-weight:var(--font-heading-weight);flex-direction:column;line-height:1.3;display:flex}.cycle-table-module__zyAooG__yearSub{font-weight:var(--font-body-weight);color:var(--color-muted);font-size:.78rem}.cycle-table-module__zyAooG__track{background:color-mix(in srgb, var(--color-penn) 8%, transparent);border-radius:2px;min-width:0;height:14px;position:relative}.cycle-table-module__zyAooG__trackFill{background:var(--color-orange);border-radius:0 4px 4px 0;position:absolute;top:0;bottom:0;left:0}.cycle-table-module__zyAooG__trackFillOpen{background:repeating-linear-gradient(135deg, var(--color-orange) 0 4px, transparent 4px 7px);border:1.5px solid var(--color-orange);box-sizing:border-box}.cycle-table-module__zyAooG__endCell{text-align:right;font-variant-numeric:tabular-nums;color:var(--color-penn);font-weight:var(--font-medium-weight);flex-direction:column;align-items:flex-end;display:flex}.cycle-table-module__zyAooG__endSub{font-weight:var(--font-body-weight);color:var(--color-muted);font-size:.72rem}@media (max-width:560px){.cycle-table-module__zyAooG__headRow{display:none}.cycle-table-module__zyAooG__row{grid-template-columns:1fr 1fr;row-gap:6px}.cycle-table-module__zyAooG__row .cycle-table-module__zyAooG__year,.cycle-table-module__zyAooG__row .cycle-table-module__zyAooG__track{grid-column:1/-1}.cycle-table-module__zyAooG__endCell{text-align:left;align-items:flex-start}}
.position-outcomes-module__X8H0HG__out{flex-direction:column;gap:8px;display:flex}.position-outcomes-module__X8H0HG__row{grid-template-columns:minmax(0,190px) minmax(0,1fr) 70px;align-items:center;gap:12px;font-size:.86rem;display:grid}.position-outcomes-module__X8H0HG__label{color:var(--color-penn);flex-direction:column;line-height:1.3;display:flex}.position-outcomes-module__X8H0HG__labelSub{color:var(--color-muted);font-size:.78rem}.position-outcomes-module__X8H0HG__divider{background:linear-gradient(var(--color-line), var(--color-line)) center / 1px 100% no-repeat;height:16px;position:relative}.position-outcomes-module__X8H0HG__bar{position:absolute;top:0;bottom:0}.position-outcomes-module__X8H0HG__barNeg{background:var(--color-orange);border-radius:4px 0 0 4px;right:50%}.position-outcomes-module__X8H0HG__barPos{background:var(--color-palatinate);border-radius:0 4px 4px 0;left:50%}.position-outcomes-module__X8H0HG__value{text-align:right;font-variant-numeric:tabular-nums;font-weight:var(--font-heading-weight);color:var(--color-penn)}.position-outcomes-module__X8H0HG__axis{color:var(--color-muted);grid-template-columns:minmax(0,190px) minmax(0,1fr) 70px;gap:12px;font-size:.72rem;display:grid}.position-outcomes-module__X8H0HG__axisTicks{justify-content:space-between;display:flex}@media (max-width:560px){.position-outcomes-module__X8H0HG__row,.position-outcomes-module__X8H0HG__axis{grid-template-columns:1fr 64px}.position-outcomes-module__X8H0HG__row .position-outcomes-module__X8H0HG__label{grid-column:1/-1}.position-outcomes-module__X8H0HG__axis>span{display:none}}
.scale-compare-module__v9hioG__scale{flex-direction:column;gap:10px;display:flex}.scale-compare-module__v9hioG__sbar{grid-template-columns:96px minmax(0,1fr) 84px;align-items:center;gap:12px;font-size:.86rem;display:grid}.scale-compare-module__v9hioG__name{color:var(--color-penn);font-weight:var(--font-medium-weight)}.scale-compare-module__v9hioG__track{background:color-mix(in srgb, var(--color-penn) 8%, transparent);border-radius:2px;min-width:0;height:18px;position:relative;overflow:hidden}.scale-compare-module__v9hioG__trackFill{border-radius:0 4px 4px 0;transition:width .2s;position:absolute;top:0;bottom:0;left:0}.scale-compare-module__v9hioG__trackFillBitcoin{background:var(--color-palatinate)}.scale-compare-module__v9hioG__trackFillGold{background:color-mix(in srgb, var(--color-penn) 22%, transparent);width:100%}.scale-compare-module__v9hioG__value{text-align:right;font-variant-numeric:tabular-nums;color:var(--color-penn);font-weight:var(--font-heading-weight)}@media (prefers-reduced-motion:reduce){.scale-compare-module__v9hioG__trackFill{transition:none}}
.ArticleBody-module__dJ_RKa__body{max-width:68ch}.ArticleBody-module__dJ_RKa__body>*+*{margin-top:22px}.ArticleBody-module__dJ_RKa__body h2{font-size:var(--type-h2);line-height:var(--type-h2-line-height);letter-spacing:var(--type-h2-letter-spacing);font-weight:var(--font-heading-weight);color:var(--color-penn);margin-top:56px}.ArticleBody-module__dJ_RKa__body h3{font-size:1.16rem;line-height:1.4;font-weight:var(--font-emphasis-weight);color:var(--color-penn);margin-top:40px}.ArticleBody-module__dJ_RKa__body p{color:var(--color-ink)}.ArticleBody-module__dJ_RKa__body strong{font-weight:var(--font-emphasis-weight)}.ArticleBody-module__dJ_RKa__body ul,.ArticleBody-module__dJ_RKa__body ol{padding-left:22px}.ArticleBody-module__dJ_RKa__body li+li{margin-top:10px}.ArticleBody-module__dJ_RKa__body li::marker{color:var(--color-faint)}.ArticleBody-module__dJ_RKa__body blockquote{background:var(--color-white);border-left:2px solid var(--color-orange);border-radius:var(--layout-radius);color:var(--color-muted);padding:20px 24px}.ArticleBody-module__dJ_RKa__body blockquote p{color:inherit}.ArticleBody-module__dJ_RKa__body code{font-family:ui-monospace,monospace;font-size:.92em}
.ArticleView-module__W5ZuBG__article{padding:var(--layout-section-padding-y) 0}.ArticleView-module__W5ZuBG__head{max-width:68ch;margin-bottom:44px}.ArticleView-module__W5ZuBG__label{font-size:var(--type-label-size);font-weight:var(--type-label-weight);letter-spacing:var(--type-label-letter-spacing);text-transform:var(--type-label-transform);color:var(--color-faint)}.ArticleView-module__W5ZuBG__title{letter-spacing:var(--type-h2-letter-spacing);font-size:clamp(1.9rem,4vw,2.7rem);line-height:1.18;font-weight:var(--font-heading-weight);color:var(--color-penn);margin-top:14px}.ArticleView-module__W5ZuBG__meta{border-top:1px solid var(--color-hairline);color:var(--color-muted);margin-top:18px;padding-top:18px;font-size:.9rem}.ArticleView-module__W5ZuBG__related{border-top:1px solid var(--color-line);margin-top:72px;padding-top:36px}.ArticleView-module__W5ZuBG__relatedHeading{font-size:var(--type-label-size);font-weight:var(--type-label-weight);letter-spacing:var(--type-label-letter-spacing);text-transform:var(--type-label-transform);color:var(--color-faint);margin-bottom:24px}.ArticleView-module__W5ZuBG__relatedList{grid-template-columns:repeat(auto-fit,minmax(260px,1fr));gap:28px;list-style:none;display:grid}.ArticleView-module__W5ZuBG__relatedItem{background:var(--color-white);border-top:2px solid var(--color-penn);border-radius:var(--layout-radius);padding:22px 22px 26px}.ArticleView-module__W5ZuBG__relatedLink{font-size:1.05rem;line-height:1.35;font-weight:var(--font-emphasis-weight);color:var(--color-penn);margin-top:12px;display:block}.ArticleView-module__W5ZuBG__relatedSummary{color:var(--color-muted);margin-top:10px;font-size:.9rem;line-height:1.6}
.InsightsIndex-module__8z8bMq__filter{border:0;border-bottom:1px solid var(--color-line);margin-bottom:40px;padding-bottom:24px}.InsightsIndex-module__8z8bMq__legend{font-size:var(--type-label-size);font-weight:var(--type-label-weight);letter-spacing:var(--type-label-letter-spacing);text-transform:var(--type-label-transform);color:var(--color-faint);margin-bottom:16px}.InsightsIndex-module__8z8bMq__chips{flex-wrap:wrap;gap:10px;display:flex}.InsightsIndex-module__8z8bMq__option{display:contents}.InsightsIndex-module__8z8bMq__control{clip-path:inset(50%);white-space:nowrap;width:1px;height:1px;margin:-1px;padding:0;position:absolute;overflow:hidden}.InsightsIndex-module__8z8bMq__chip{border:1px solid var(--color-line);border-radius:var(--layout-radius);color:var(--color-muted);cursor:pointer;padding:8px 16px;font-size:.86rem;display:inline-block}.InsightsIndex-module__8z8bMq__chip:hover{border-color:var(--color-penn);color:var(--color-penn)}.InsightsIndex-module__8z8bMq__control:checked+.InsightsIndex-module__8z8bMq__chip{background:var(--color-penn);border-color:var(--color-penn);color:var(--color-white)}.InsightsIndex-module__8z8bMq__control:focus-visible+.InsightsIndex-module__8z8bMq__chip{outline:2px solid var(--color-palatinate);outline-offset:3px}.InsightsIndex-module__8z8bMq__list{gap:0;list-style:none;display:grid}.InsightsIndex-module__8z8bMq__item{border-bottom:1px solid var(--color-hairline);grid-template-columns:minmax(0,1fr);gap:6px;padding:32px 0;display:grid}.InsightsIndex-module__8z8bMq__label{font-size:var(--type-label-size);font-weight:var(--type-label-weight);letter-spacing:var(--type-label-letter-spacing);text-transform:var(--type-label-transform);color:var(--color-faint)}.InsightsIndex-module__8z8bMq__date{color:var(--color-muted);font-size:.86rem}.InsightsIndex-module__8z8bMq__itemTitle{letter-spacing:var(--type-h2-letter-spacing);font-size:clamp(1.25rem,2.4vw,1.6rem);line-height:1.28;font-weight:var(--font-heading-weight);margin-top:6px}.InsightsIndex-module__8z8bMq__itemLink{color:var(--color-penn)}.InsightsIndex-module__8z8bMq__summary{max-width:68ch;color:var(--color-muted)}.InsightsIndex-module__8z8bMq__browser:has(.InsightsIndex-module__8z8bMq__control[value=markets]:checked) .InsightsIndex-module__8z8bMq__item:not([data-category=markets]){display:none}.InsightsIndex-module__8z8bMq__browser:has(.InsightsIndex-module__8z8bMq__control[value=digital-assets]:checked) .InsightsIndex-module__8z8bMq__item:not([data-category=digital-assets]){display:none}.InsightsIndex-module__8z8bMq__browser:has(.InsightsIndex-module__8z8bMq__control[value=research]:checked) .InsightsIndex-module__8z8bMq__item:not([data-category=research]){display:none}.InsightsIndex-module__8z8bMq__browser:has(.InsightsIndex-module__8z8bMq__control[value=firm-news]:checked) .InsightsIndex-module__8z8bMq__item:not([data-category=firm-news]){display:none}
.page-module__fw1-9q__page{padding:0}
.page-module__bpsCtq__page{padding:var(--layout-section-padding-y) 0}.page-module__bpsCtq__head{margin-bottom:48px}.page-module__bpsCtq__label{font-size:var(--type-label-size);font-weight:var(--type-label-weight);letter-spacing:var(--type-label-letter-spacing);text-transform:var(--type-label-transform);color:var(--color-faint)}.page-module__bpsCtq__title{letter-spacing:var(--type-h2-letter-spacing);font-size:clamp(2rem,4.4vw,3rem);line-height:1.14;font-weight:var(--font-heading-weight);color:var(--color-penn);margin-top:14px}.page-module__bpsCtq__lede{max-width:68ch;color:var(--color-muted);margin-top:20px}