CoinShares

Shifting gears, welcome to Block Talk AI, Investment Rounds and Deals.

Today, we focus on CoinShares' latest move to enhance stablecoin yield strategies within Safe wallets, a development particularly relevant for investors and wealth advisors looking to optimize returns while maintaining control over their assets.

Let's dive into the details.

CoinShares has teamed up with Safe Labs and Railnet to offer stablecoin yield strategies directly accessible through Safe wallets via the Earn widget.

This integration allows users to retain self-custody, meaning they control their funds without handing them over to a third party.

CoinShares will design the strategies and manage risk, but they won't have custody or discretionary control over users' assets.

That's a key point for investors who prioritize control.

How does Railnet fit into this arrangement?

Let's get into it.

So CoinShares says that there are concerns over public finances that may drive Bitcoin demand.

The firm is saying that the next leg of Bitcoin demand may come from, not from the Fed, but from the bond market, specifically from fear over whether Washington can pay its bills.

Classic story we've heard before.

Uh, in an October 8th market update, CoinShares Head of Research James Butterfill argued that what matters for Bitcoin isn't really whether the yields are rising, but why.

If long-term rates climb because the Fed is tightening, that would be bad for Bitcoin.

Cash and short-dated Treasuries look more attractive.

I think we're at 5.2 and 5.6 as of the Friday close.

Monthly net inflows accelerated that then records 6.2 billion US dollars.

CoinShares noted that Bitcoin captured about 97% of those February flows.

Now, just to give you some idea of what was going on there, Bitcoin actually rose significantly in that month.

There was a huge jump of 44% in the one month.

Now, 2024, if that doesn't teach you anything, it's got to teach you that as Bitcoin approaches a psychologically important level, it could turn significantly.

And that's what you've got to be ready for.

CoinShares recorded a significant weekly Bitcoin outflow that it attributed to profit taking.

You're going to see this on the chart ahead of anyone, even CoinShares telling you this, You're going to see it with a trend line and with a confluence of other rules and patterns.

Welcome back to BlockTalk AI investment rounds and deals.

Today, we're examining a major new survey from CoinShares that should be required reading for every wealth advisor in the room.

The coin shares affluent investor crypto report released October 5th surveyed over 2200 affluent investors across seven markets.

The findings paint a compelling picture for allocation conversations.

That's a massive opportunity for advisors, but there's a gap, isn't there?

Yes, about 4 in 10 clients working with advisors in several markets find their advisors overly cautious on crypto.

CoinShares cites a separate CityWire survey of 261 European wealth managers, where firm policy, volatility, and perceived speculation remain the main restraints.

There's a clear divide between affluent investor conviction and institutional conservatism.

Um, I am also sort of leaning back into the equity space.

When I was at CoinShares, which was my previous firm for, uh, for f- four years roughly, um, I was both a, a digital asset analyst and an equity analyst there, um, on a, on an equity fund.

So, uh, so, so I, I've straddled both sort of spaces, um, and it's, it's good to, uh, get, get back to both, um, now.

Yeah.

There's so many companies that come and go.

I don't remember who CoinShares is, and I don't want to confuse...

All I know

is that there's 7 billion.

yeah like which is funny what are they making that call

Man, it's like, it's so stupid.

CoinShares, you guys are dumb.

Like, you guys are absolutely dumb.

He has also described something so much bigger.

In an interview with CoinShares, Back said that if Bitcoin reaches its full potential, it could ultimately command a $200 trillion market cap.

Think about that number.

At that scale, Bitcoin wouldn't simply be another asset class.