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The Adorable Grayscale Monster

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Despite my allergy to Big Corps, acquired as a result of me being enslaved by one of them for more than a decade, it is difficult to deny that, sometimes, they are doing a damn decent job.

Grayscale is widely known for trying to replicate an infamous big hedge funds strategy of niche markets segments domination by establishing a price control in our space through gradually accumulating very large positions in a number of key assets such as, primarily, BTC and, later on, ETH.

They are, obviously, taking their 'mission' very seriously, which shows lately in the drastically increased PR and marketing noises they generate around us. However, their latest (and the first :)) edition of "The Digital Currency Toolkit for Financial Advisors" is an indisputable piece of a good work.

As its name suggests, it aims to lure the so-called 'traditional investors' into the wonderful land of crypto puppies-kitties and uni-bright-corns.

Here I have to confess that during the past six months or so, me, myself, with my svetrating.com, we were trying, basically, to do the same :) attempting to convince main-stream hodlers of large fiat bags that it might be (just might be) a good idea to revise their old, stupid 'money management' dogmas and outdated views on the financial markets.

That enduring exercise makes me appreciate 'The Toolkit' even better. Truly, it is easier to put a man on the Moon (1969) than wheels on a luggage (1972). It is much faster to go by an unbeaten path than to change old habits.

You have got to be very respectful to those misconceptions you are trying to rebuke. In fact, you have got to wholeheartedly believe in its yourself in order to be trusted by your very emotionally sophisticated and well established in their old ways interlocutors.

That tricky-what Greyscale authors have managed to pull in their 22-pages booklet. It has 17 chapters some of which have well-thought -trough tale-tell names, for example: 'Bitcoin’s Unique Qualities', The Bitcoin-Curious Investor, 'Bitcoin and The Next Generation of Investors', Mainstream Acceptance of Bitcoin'.

From that you can already appreciate the authors' main line of argumentation. It can be summarized as following:

Citing: 'By properly sizing a Bitcoin allocation as part of a traditional investment portfolio (e.g., a 1-5% allocation), the risks of investing in Bitcoin can be mitigated relative to potential gains ...'

Additionally, authors achieved to brought together the most beautiful collection of mostly well known facts, figures, statistics and propagandas about our ctypto universe I have ever seen aggregated in one space-time. So, I can't resist and just republish some of them below (with no particular order) for you to admire :)

  • ' ... As a scarce asset (there will only ever be a total of 21 million Bitcoins created), Bitcoin has demonstrated many of the same traits as traditional safe haven investments like gold.';
  • '... if Bitcoin captured 10% of the market interest in FAANG (Facebook, Amazon, Apple, Netflix and Google) stocks, its value would increase to $22,720 (Bitcoin is valued at ~$9,000 at the time of publication).';
  • ' ... more than a third of the surveyed investors would consider Bitcoin as an investment, which represents a potential market of roughly 21 million investors in the general U.S. population.';
  • '... 76% of advisors received questions about cryptocurrency in 2019, signalling major interest in the asset class.';
  • '... $68 trillion in wealth transferring from older to younger generations over the next 25 years';
  • '... millennials allocated more to Grayscale Bitcoin Trust (1.85%) than some of the largest and most well-known public companies, including Walt Disney (1.68%), Netflix (1.58%), Microsoft (1.53%), and Alibaba (1.39%).'
  • 'Bankrate found that millennials are five times more likely than older demographics to believe Bitcoin is the best place to put money they won’t need for 10 years or more.';
  • ' ... emerging markets, including areas in Latin America and sub-Saharan Africa, have seen some of the largest upticks in digital currency usage and could also have the greatest potential for utilizing central bank digital currencies.';
  • '... 34% of respondents already had a blockchain system in production, while another 41% anticipated blockchain development in 2020';
  • '... according to data published by Fidelity, which surveyed 774 financial institutions, 36% of U.S. and European institutions currently hold digital currencies or associated derivative assets.' ;
  • '... IBM has invested more than $200 million in research and development, making it one of the largest companies in the world to embrace blockchain technology.';
  • ' ... Governments and public sector organizations have also expressed significant interest in the space. In the U.S., several governmental entities (e.g., USPS, U.S. Air Force, and the U.S. Department of Health) have invested millions of dollars in building new systems based on blockchain technology. ';
  • ' ... in April of 2020, China’s central bank rolled out a pilot of its digital Yuan currency in select municipalities.';

    • List goes on and on, but that is not evrything they got. Authors also managed to squeeze 'Portfolio Simulations with Bitcoin' and 'How to Invest in Bitcoin' chapters into this pieces.

    All in all, it poses the only one question - why, why, why if everything is so wonky-donkey for BTC and Co are we still not on all times highs? :)

    Apparently, this Toolkit's producers somehow decided to neglect mentioning some minor risks, like bring jacked in a couple of seconds by 17 years old genius, relocating to Pelican Bay for misplacing 2 satoshi in your reporting or pissing off major world's govs, associated with swimming in our crypto ocean without Kal-El Krypton suit on.

    But what the heck :) We have been trashed for so long and by so many that having something non-objective skillfully pit on a paper would serve as a much needed counterbalance.

    Is that right or is that not?

    For the full version of this article, please, refer to: http://svetrating.com/texts/82/

  • Source: https://grayscale.co/wp-content/uploads/2020/07/Grayscale_FA_Toolkit.pdf

    • What Is SVET Rating?

    SVET Rating is the first public praxiological (human actions driven) rating. It takes into account combine effects of cognitive, emotional and social factors on the decisions of individuals and institutions dealing with crypto currencies and blockchain projects. Uses S.V.E.T. Metrics = System + Vision + Execution + Tokenomics. Includes 16 parameters. Accounts for main drivers of public behavior: technology, economy, organization and psychology. Integrates insights from independent experts and everyday users

    SYSTEM
    • Security (safety): for defenders (
      - The Protector: Warm-hearted and dedicated, they are always ready to protect the people they care about.
      );
    • Velocity (scalability): for megalomaniacs (
      - The Commander: Outspoken and confident, they are great at making plans and organizing projects.
      );
    • Engineering (design): for geeks (
      - The Architect: High logical, they are both very creative and analytical.
      );
    • Transparency (decentralization): for crypto punks (
      - The Crafter: Highly independent, they enjoy new experiences that provide first-hand learning.
      );
    VISION
    • Singularity (uniqueness): for individualists (
      - The Artist: Easy-going and flexible, they tend to be reserved and artistic.
      );
    • Volume (market): for globalists (
      - The Performer: Outgoing and spontaneous, they enjoy taking center stage.
      );
    • Empathy (enthusiasm): for tribes (
      - The Persuader: Out-going and dramatic, they enjoy spending time with others and focusing on the here-and-now.
      );
    • TimeLine (road-map): for visionaries (
      - The Mediator: Idealistic with high values, they strive to make the world a better place.
      );
    EFFECT
    • Solution (business): for dealmakers (
      - The Director: Assertive and rule-oriented, they have high principles and a tendency to take charge.
      );
    • Validity (legality): for lawyers (
      - The Inspector: Reserved and practical, they tend to be loyal, orderly, and traditional.
      );
    • Equity (finance): For venture capitalists (
      - The Advocate: Creative and analytical, they are considered one of the rarest types.
      );
    • Team: for friends (
      - The Caregiver: Soft-hearted and outgoing, they tend to believe the best about other people.
      );
    TOKEN
    • Sustainability (stability): for sages (
      - The Thinker: Quiet and introverted, they are known for having a rich inner world.
      );
    • Value (venture): for adventurers (
      - The Debater: Highly inventive, they love being surrounded by ideas and tend to start many projects (but may struggle to finish them).
      );
    • Engagement (usability): for pragmatics (
      - The Giver: Loyal and sensitive, they are known for being understanding and generous.
      );
    • Transactions (speed): for travelers (
      - The Champion: Charismatic and energetic, they enjoy situations where they can put their creativity to work.
      ).

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