market cycle

Chris King is the founder and CEO of Eaglebrook Advisors. Eaglebrook is a crypto investment platform that provides RIAs with direct access to bitcoin and digital assets. The firm operates one of the largest SMA Platforms in the crypto market. Eaglebrook's investment platform offers access to tax optimized Bitcoin and Ethereum separately managed accounts (SMAs) and third-party investment manager strategies held at an institutional qualified custodian. Eaglebrook is an SEC registered investment advisor that works with over 70 RIAs and has over 700 financial advisors using Eaglebrook’s Platform. The company is backed by leading wealth management executives and financial institutions including Castle Island Ventures, Brewer Lane Ventures and Franklin Templeton.

Key Takeaways

• [03:20] - Chris’ professional background and what drew him to digital assets specifically?
• [06:02] - What really drives Eaglebrook’s investment philosophy?
• [08:08] - What is the strategic, long term reason to own crypto?
• [12:40] - What is the investment thesis for Ethereum in particular?
• [14:30] - Chris’ shorter term, tactical outlook for Bitcoin.
• [19:54] - Why does Bitcoin halving take place and why is it so significant?
• [23:30] - Chris’ thoughts on the Bitcoin market cycles.
• [26:20] - How large might the market opportunity be for Bitcoin ETFs?
• [30:02] - Why are a lot of advisors  still choosing crypto SMAs over ETFs and what are the best use cases for each of these investment vehicles?
• [37:51] - What is the typical allocation to crypto and how has that changed in recent years, if at all?
• [39:08] - Are there any salient differences in what retail and institutional investors are doing with their Bitcoin allocations?
• [41:11] - Resource recommendations for those wanting to learn more about digital assets.
• [42:56] - Chris’ counsel for those who think that crypto is too volatile to invest in.
• [45:42] - What is currently Chris’ favorite investment idea?

Quote

[12:39] - “Moving on to the investment thesis for Ethereum – it is also an internet protocol, like Bitcoin, but it allows internet businesses to build applications on top of it. The analogy that I like to give is that Ethereum is like HTML. HTML is the internet protocol that companies like Amazon and Facebook built their businesses on top of." ~ Chris King

Links

• Chris King on LinkedIn
• Eaglebrook on LinkedIn
• Eaglebrook
• “No Rain” by Blind Melon

Connect with Us

• Meet Rusty Vanneman, Orion’s Chief Investment Officer
• Check Out All of Orion’s Podcasts
• Power Your Growth with Orion

Disclosure(s) ~ Orion Portfolio Solutions, LLC, an Orion Company, is a registered investment advisor. Wealth Management services are offered by Orion Portfolio Solutions, LLC d/b/a Brinker Capital Investments a registered investment advisor. Brinker Capital Investments and Orion Portfolio Solutions, LLC are both wholly owned subsidiaries of Orion Advisor Solutions, Inc. (“Orion”).

Compliance Code: 0548-OPS-3/5/2024

On this special edition TDAM Talks podcast in our Breadth of Experience series, Damian Fernandes, Managing Director, TD Asset Management Inc. (TDAM), Ben Gossack, Managing Director, TDAM and Jose Alancherry, Vice President, TDAM, engage in a roundtable chat on the equity market: Topics include recessionary fears, market cycles, diverging trends in investing, and revealing their equities "origin story." Damian and Ben are Lead Portfolio Managers at TDAM, and Jose is a Client Portfolio Manager within the TDAM Fundamental Equities Team.

Highlights include:

Is the U.S. Federal Reserve "overcooking" the economy? 1:00

Exploiting skepticism through stock selection 5:50

The Magnificent Seven and the Market - is it the S&P7 vs S&P493? 8:19

Living through the Industrial Supercycle 11:51

Should we be thinking about defensive stocks? 18:05

Is technology overplayed? 21:56

Artificial Intelligence and it's integration into our lives 23:20

The U.S. Elections and the impact on the economy - do they really matter? 25:12

For a full transcript in English and French, please visit the TD Asset Management Podcast page: https://www.td.com/ca/en/asset-management/insights/

Please follow "TD Asset Management" on 

LinkedIn: https://ca.linkedin.com/showcase/tdassetmanagement/

X: @tdam_canada

In the "12 Days of FDE" special, we revisit the most captivating moments from The Full Desk Experience of 2023. From industry insights and expert advice to award-winning episodes, we've got it all. Listen in as we explore topics such as leveraging AI for recruiting, driving process and growth through data, the significance of change management, and the magic of digital transformation in staffing.

Join host Kortney Harmon and a lineup of industry leaders as they unpack the highlights of the past year and share valuable takeaways to help your talent business thrive in the coming year. So sit back, relax, and immerse yourself in the best of The Full Desk Experience.

Links:

1. Industry Spotlight | Jen Meyer – SVP and GM at Govig – Driving Process and Creating Growth Through Data: https://www.crelate.com/blog/industry-spotlight-jen-meyer

2. Industry Spotlight | Tom Erb – President at Tallann Resources – Proactively Planning for Success in Any Market Cycle: https://www.crelate.com/blog/tom-erb-success-in-any-market

3. Workshop | Exploring the Future of Recruiting with ChatGPT: Insights, Challenges and 10 Use Cases: https://www.crelate.com/blog/insights-challenges-use-cases-chatgpt

4. Workshop | Get Off the KPI Hamster Wheel: Why Your Metrics are Keeping Your Recruiting and Staffing Business From Growing: https://www.crelate.com/blog/kpi-hamster-wheel

5. Workshop | The Not-So-Scary World of Staffing: Creative Solutions for Your Talent Business: https://www.crelate.com/blog/creative-solutions-talent-business

6. Industry Spotlight | Aaron Grossman – CEO at TalentLaunch – Expert Tips for Scaling Your Staffing Business: https://www.crelate.com/blog/aaron-grossman-growth-in-staffing

7. Industry Spotlight | Jim Stroud – HR Influencer & Content Creator – The Pros and Cons of ChatGPT and AI in the Talent Industry: https://www.crelate.com/blog/jim-stroud-pros-cons-chatgpt

8. Industry Spotlight | Lauren Jones – CEO and Founder of Leap Consulting – The Magic of Digital Transformation in Staffing and Recruiting: https://www.crelate.com/blog/lauren-jones-digital-transformation

9.Workshop | Redeployment Strategies to Increase Revenues for Your Talent Business with Sarah Gossin: https://www.crelate.com/blog/redeployment-strategy-sarah-gossin

10. Workshop | Tips for Successful Change Management in Your Talent Business: https://www.crelate.com/blog/change-management-talent-business

11. Workshop | Mapping Your Talent Organization for Future Growth: Career Pathing and Succession Planning with Dan Mori: https://www.crelate.com/blog/dan-mori-future-proofing-talent-businesses

12. The Changing Face of Recruiting: Discoveries from the Staffing World Show Floor: https://www.crelate.com/blog/podcast-changing-face-of-recruiting-discoveries-from-the-staffing-world-show-floor

Tune in to hear:

- What convinces Akhil that we can forecast markets with any level of precision when lots of highly intelligent people have tried and failed?

- How often does Akhil think market cycles occur, on average, and how can we use that to our benefit?

- Once novel market anomalies or truths are discovered, they tend to get arbitraged away to zero unless they have a behavioral element to them that is hard to predict. Is there a behavioral thread that runs through the sorts of cycles Akhil talks about, or does he fear that by publishing this book, that the information might get arbitraged away?

- On a high level, what does Akhil’s model focus on in particular and how did he come across it? Why does he place such primacy on the land market within markets more generally?

- What brings about the recovery stage and what is going on in peoples’ heads in these moments?

- During the mid-cycle is there broad recognition that things are getting better or are peoples’ brains somewhat stuck in the prior cycle?

- What is going on, psychologically speaking, during a market boom cycle?

- What can we learn from the Great Financial Crisis of 07-08’?

- What phase of the cycle does Akhil think we are in at the moment and how does Covid overlap with his market cycle model?

- Does Akhil think that investment recommendations can be made based on these market cycles, or is it simply an expectation management tool?

- How can we make better sense of Covid’s impact on real estate prices?

https://thesecretwealthadvantage.com

Orion Portfolio Solutions, LLC, an Orion Company, is a registered investment advisor. 

Custom Indexing offered through Orion Portfolio Solutions, LLC a registered investment advisor.

Compliance Code: 2739-OAS-10/3/2023

Guests:

• Scott Melker, The Wolf of All Streets
• Simon Harman, Co-Founder of Chainflip
• Flavian Manea, Co-Founder of Bware Labs

Top 5 Key Takeaways:

1. Despite external factors, Bitcoin is following its 4-year halving cycle
 
The conversation starts by asking our guests where we are in the market cycle and what we expect to see in the future. Scott starts the conversation by saying we aren't seeing anything too different, despite correlations or external factors. He refers to the 4-year halving cycle charts and says Bitcoin follows the path/trend it has always been on. According to the chart, it makes sense that there was a bottom in November, December, and January, and now leading up to May 2024, Bitcoin is setting itself up for a rampant move to the upside. He states that if we look back at this in a couple of years, many will see it as a regular Bitcoin retract cycle. 

2. Bitcoin following the equity and stock market is a false narrative

The conversation continues to understand if there is a correlation between the stock market and Bitcoin. All speakers agree that though there have been correlations between the way the stock market moves to Bitcoin, there is currently no correlation between the two - essentially arguing that it's a bit of a false narrative.


3. Products created in this next cycle need to help people in the ecosystem with real-life use cases
 
Moving away from the topic of market conditions, the conversation focused more on the project, founder, and product end of the market. As we had both Chainflip and Bware Labs founders on the call, and Scott, who understands the community, we were curious to hear how launching a product in the current market has been and what they want to see in the future from project founders. Both Flavian and Simon agreed that it would be an exciting time, especially as the last couple of months have been challenging to launch products due to the lack of capital and getting interest from the general public. 

4. Important to create crypto products and crypto content that is easy to understand

Flavian and Scott dive deeper into the accessibility of products. They both agree that the best way to mainstream adoption is abstracting the complexity that comes with crypto. For example, the vernacular and usability need to be simpler for average users. In the future, users shouldn't be aware that they are using Web3 products and should just be using a product that solves their everyday needs. Moreover, Scott and Simon touched upon the topic of stablecoins in the market. Despite market conditions, they mentioned that many people use stablecoins instead of bank accounts. These products have become more popular as they are instrumental and understandable developments in the ecosystem.


5. There is an opportunity for banks who want to do business with "us" (crypto)

To round off the conversation, we asked our guests what the future of banks will look like and what needs to happen for more crypto adoption from the traditional financial sector. Scott starts the conversation and says we already see the early signs of adoption from trad-fi. In the past years, there has been a crisis of confidence in the crypto space, but now we are seeing that shift in this crisis towards the banking system. This phenomenon is opening up people's eyes as there are realizing banks are not the place where everything is safe. However, this doesn't mean that banks are going anywhere.