- Security (safety): safety and resilience signals;
- Velocity (scalability): scalability and execution capacity;
- Engineering (design): technical design and implementation quality;
- Transparency (decentralization): open governance and decentralization signals;
The Adorable Grayscale Monster
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large fiat bags that it might be (just might be) a good idea to revise their old, stupid 'money management' dogmas and outdated views on the financial markets.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 :)
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/
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