Crypto Market Outlook, Family Office Strategy, and the ETF vs. Self-Custody Debate | Jake Claver

And a lot of our clients, just as in traditional wealth management, have been a little concerned with the volatility.

But a lot of people kind of know what they're getting into with crypto.

These are long term positions that they intend to hold for extended periods of time.

Those that are speculating or gambling or day trading tend to weed themselves out.

The majority of our clients have high conviction on the assets that they're holding, and they anticipate holding those for multiple generations.

And they're looking for ways to be able to hedge risk and generate cash flow, and then also provide additional ways to access liquidity for their digital assets.

So can you margin them? Can you borrow against them? Can we work with a prime broker to be able to...

take that liquidity and put it in other things? What structured products can we create around it? How do we hedge to the downside or generate some premium or cash flow off of options or spreads that our advisors will work with our clients on? a little bit more sophisticated than your traditional investor in crypto.

So a lot of our clients are high net worths, family offices, other RIAs.

We now consult for them as well.

And so just depends on their position in the market and their outlook.

And then we try to provide guidance around that we'll also do financial planning so as people have certain things on the horizon maybe they have a child's uh college coming up or they want to retire we we help walk them through how to navigate the cash flows forecast those things based on different market action and then put together plans to make sure that they're you know in place to be able to handle any situation as it transpires

now Is Digital Ascension Group only focused on crypto assets?

We have a small portfolio that we manage of traditional assets.

I think we're at around 30 million today out of the billion that we manage.

So it doesn't make up a significant portion of what we manage.

We focus on crypto primarily, but we have some clients that want a holistic view and so they'll bring their traditional assets over as well.

But for 97% of what we manage, it's all digital assets.

Okay.

Now with, the current market as it is today, Bitcoin is down.

So are you seeing clients kind of shift away from digital assets and more into like traditional stocks and bonds?

The OGs in crypto, we've had many of them that we've had discussions with over the past year that are looking to exit their positions in some way that allows them to mitigate taxes and then position themselves in AI.

That is the hot topic of the day.

And so you've got the SpaceX IPO that's just occurred today.

And many of them have... not necessarily de-risked, but diversified their position to some significant extent depending on who they are and how long they've been in.