In this episode, James Seyffart, Jeff Park, Robert Leshner, Ambre Soubrian, and John Mullin sit down at DAS to discuss tokenizing real world assets, how tokenization brings liquidity to assets similar to ETFs, and the opportunities around tokenized private credit, data, and more. We also delve into the next wave of institutional adoption, competing with the TradFi behemoths, and more. Enjoy!

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Join us at Permissionless IV June 24th - 26th. Use code FG10 for 10% OFF! https://blockworks.co/event/permissionless-iv

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Timestamps:

00:00 Introduction

02:33 Tokenizing Real World Assets

07:45 ETFs and Tokenization

 14:16 Biggest Tokenization Opportunities

17:11 Tokenizing Data

20:55 Bringing the World On-Chain

24:35 Regulatory Expectations

26:47 The Next Wave of Institutional Adoption

31:59 European Market

33:16 Competing with TradFi

36:20 Institutional Adoption and Future Outlook

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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

In this episode, Le Shrub joins the show to discuss the end of American exceptionalism, overexposure to Mag7 and the US dollar, and European allocators moving away from the United States. We also delve into the era of geographic diversification, the detox period in the US to lower the 10-year and more. Enjoy!

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Forward Guidance Audience Survey: https://forward-guidance.beehiiv.com/forms/109bcbf7-0948-43b8-be8d-5390a5198125

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Join us at Permissionless IV June 24th - 26th. https://blockworks.co/event/permissionless-iv

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Ledger, the world leader in digital asset security for consumers and enterprises, proudly sponsors Forward Guidance, where traditional finance meets crypto. As Ledger celebrates a decade of securing 20% of the world’s crypto assets, it offers a secure gateway for those entering digital finance. Buy a LEDGER device today and protect your assets with top-tier security technology. Buy now on Ledger.com.

—

Timestamps:

(00:00) Introduction

(00:02) The End of American Exceptionalism

(03:28) Trump Policies and European Response

(08:45) China's DeepSeek Moment

(13:00) Ledger Ad

(13:45) US vs. Europe

(22:52) The Role of Hedge Funds and Pension Funds

(32:53) Ledger Ad

(33:37) The Role of Hedge Funds and Pension Funds (Con't)

(35:51) US Market Flexibility vs. European Rigidity

(37:07) Risks and Opportunities in Europe

(44:51) Trading the US Detox Period

(50:26) Bond Market vs Fiscal Policies

(58:09) Final Thoughts & Main Takeaways

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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

In this episode, Joseph Wang and Austin Campbell join the show to discuss their overview of macro after the latest FOMC meeting, the EM-ification of the United States, and how stablecoins play into the continuation of US dollar hegemony. We also delve into support for stablecoin legislation, the case against the Strategic Bitcoin Reserve & US sovereign wealth fund, and more. Enjoy!

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Forward Guidance Audience Survey: https://forward-guidance.beehiiv.com/forms/109bcbf7-0948-43b8-be8d-5390a5198125

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Join us at Permissionless IV June 24th - 26th. https://blockworks.co/event/permissionless-iv

__

Ledger, the world leader in digital asset security for consumers and enterprises, proudly sponsors Forward Guidance, where traditional finance meets crypto. As Ledger celebrates a decade of securing 20% of the world’s crypto assets, it offers a secure gateway for those entering digital finance. Buy a LEDGER device today and protect your assets with top-tier security technology. Buy now on Ledger.com.

—

Timestamps:

(00:00) Introduction

(00:11) Macro & Crypto Colliding

(01:09) Overview of Macro and FOMC Meeting

(04:25) US EM-ification

(09:39) Ledger Ad

(10:23) What is Good Fiscal & Monetary Policy?

(13:55) Stablecoins and US Treasury Demand

(19:01) Stablecoin Legislation

(23:44) Reinventing Money Market Funds

(24:29) Ledger Ad

(32:58) Strategic Bitcoin Reserve & Sovereign Wealth Fund

(36:54) Final Thoughts

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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

In this episode, Jonah and Avi from 1000x join the show to discuss Bitcoin vs altcoin inflows, the Trump impact on markets, and the bull case for Bitcoin. We also delve into global liquidity, how to position for 2025, and more. Enjoy!

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Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance 

Forward Guidance Telegram: https://t.me/+nSVVTQITWSdiYTIx 

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Forward Guidance Audience Survey: https://forward-guidance.beehiiv.com/forms/109bcbf7-0948-43b8-be8d-5390a5198125 

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Join us at Permissionless IV June 24th - 26th. https://blockworks.co/event/permissionless-iv  

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Timestamps:

00:00 Introduction

00:30 BTC vs Alt Inflows

08:46 The Trump Impact On Markets

16:14 Why Have Markets Sold Off?

20:14 The Bull Case For Bitcoin

23:09 Global Liquidity

26:13 How To Position In 2025?

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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

This week, we discuss takeaways from the FOMC meeting and SEP, the balance of Treasury and fiscal policy, and how a strategic Bitcoin reserve and stablecoins play into the United States’ goals. We also delve into the US sovereign wealth fund, our highest conviction trades, and more. Enjoy!

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Forward Guidance Telegram: https://t.me/+nSVVTQITWSdiYTIx

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Forward Guidance Audience Survey: https://forward-guidance.beehiiv.com/forms/109bcbf7-0948-43b8-be8d-5390a5198125

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Join us at Permissionless IV June 24th - 26th. https://blockworks.co/event/permissionless-iv

—

Timestamps:

(00:00) Introduction

(01:08) FOMC Meeting Insights

(05:46) Treasury and Fiscal Policy

(10:26) Global Economic Dynamics

(20:06) Digital Assets and Crypto Market

(24:48) US Sovereign Wealth Fund

(30:20) Digital Asset Big Picture

(34:01) Highest Conviction Trades

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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

In this episode, Mohamed El-Erian joins the show to discuss his Fed & QT expectations, his outlook for inflation, and the four ways the government can solve its debt problem. We also delve into stablecoins buying US debt, Bitcoin’s potential as a neutral reserve asset for global trade, the sputnik moment in Europe, and more. Enjoy!

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Forward Guidance Audience Survey: https://forward-guidance.beehiiv.com/forms/109bcbf7-0948-43b8-be8d-5390a5198125

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Join us at Permissionless IV June 24th - 26th. https://blockworks.co/event/permissionless-iv

__

Ledger, the world leader in digital asset security for consumers and enterprises, proudly sponsors Forward Guidance, where traditional finance meets crypto. As Ledger celebrates a decade of securing 20% of the world’s crypto assets, it offers a secure gateway for those entering digital finance. Buy a LEDGER device today and protect your assets with top-tier security technology. Buy now on Ledger.com.

—

Timestamps:

(00:00) Introduction

(00:10) Expectations for the Fed

(02:47) Inflation Expectations

(09:38) Ledger Ad

(10:25) Tariffs & Growth

(13:20) Debt Dynamics and Fiscal Policies

(22:31) Stablecoins and Digital Assets

(25:12) Ledger Ad

(28:31) Bitcoin as a Neutral Reserve Asset

(33:00) Europe's Sputnik Moment

(37:39) Final Thoughts

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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

In this episode, Matt Hougan joins the show to discuss his bullish 2025 outlook for Bitcoin, why the US government needs stablecoins, and what’s next for the broader crypto industry. We also delve into how bullish institutions are compared to retail, Bitcoin's correlation to gold, and more. Enjoy!

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Forward Guidance Audience Survey: https://forward-guidance.beehiiv.com/forms/109bcbf7-0948-43b8-be8d-5390a5198125

—

Timestamps:

(00:00) Introduction

(00:50) Macro & Crypto

(04:38) Global Fiscal Impulse

(06:18) The US Needs Stablecoins

(09:30) US Embrace of Bitcoin

(12:54) What’s Next for the Industry

(15:17) Institutions are Bullish!

(16:40) Fragmentation of ETF vs On-chain Assets

(20:28) Bitcoin’s Correlation to Gold

(21:38) Final Thoughts

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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

This week, we discuss the latest inflation data, the reversal of US exceptionalism, and Trump’s bold tariff bet potentially backfiring. We also delve into how we’re thinking about yields, whether 60/40 is compelling right now, why we’re in a crypto bear market, and more. Enjoy!

—

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Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance

Forward Guidance Telegram: https://t.me/+nSVVTQITWSdiYTIx

—

Weekly Roundup Charts: https://drive.google.com/file/d/1e0GanjFY1lh2TKOFL7QQwGi6KY9nWhwl/view?usp=sharing

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Forward Guidance Audience Survey: https://forward-guidance.beehiiv.com/forms/109bcbf7-0948-43b8-be8d-5390a5198125

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Join us at Digital Asset Summit 2025 March 18th - 20th. USE CODE FG10 FOR 10% OFF general admission!

https://blockworks.co/event/digital-asset-summit-2025-new-york

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Ledger, the world leader in digital asset security for consumers and enterprises, proudly sponsors Forward Guidance, where traditional finance meets crypto. As Ledger celebrates a decade of securing 20% of the world’s crypto assets, it offers a secure gateway for those entering digital finance. Buy a LEDGER device today and protect your assets with top-tier security technology. Buy now on Ledger.com.

—

Timestamps:

(00:00) Introduction

(00:42) Upcoming Digital Asset Summit

(02:16) CPI Takeaways

(05:51) Reversal of US Exceptionalism

(08:45) Ledger Ad

(09:34) Recession vs Growth Scare

(14:11) Trump's Bold Tariff Game

(20:09) The Long Foreign Markets-Short US Trade

(24:36) Ledger Ad

(25:21) The Long Foreign Markets-Short US Trade (Con't)

(31:11) It's a Bear Market

(32:36) Bitcoin and Crypto Market Analysis

(34:26) Bond Market & Yields

(39:11) 60/40 Portfolio

(42:34) Hedging Strategies

(45:08) Crypto Market Prospects

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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

In this episode, Vincent Deluard joins the show to discuss his on-the-money inflation calls and future outlook, the consequences of Trump’s tariff flip-flopping, and the buyers of US duration. We also delve into the impact of DOGE, the Trump Admin’s Treasury market goals, the surge in foreign yields, and more. Enjoy!

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Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance

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Forward Guidance Audience Survey: https://forward-guidance.beehiiv.com/forms/109bcbf7-0948-43b8-be8d-5390a5198125

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Join us at Digital Asset Summit 2025 March 18th - 20th. USE CODE FG10 FOR 10% OFF general admission!

https://blockworks.co/event/digital-asset-summit-2025-new-york

—

Timestamps:

(00:00) Introduction

(00:40) Inflation Predictions and Seasonal Adjustments

(05:50) Stagflation Concerns and Economic Slowdown

(07:33) State-Level Spending and Fiscal Policy

(17:42) Tariffs & the Art of the Deal

(19:25) Economic Noise vs Signal

(23:36) Federal Reserve and Monetary Policy

(25:36) DAS Promo

(26:13) Bond Market and Liquidity

(33:23) Target Date Funds

(36:17) Trump Administration Goals

(51:06) Surge in Foreign Yields

(59:22) Market Predictions

(01:03:36) Learn More About Vincent

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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

This week, we discuss the Trump trade shakeout, whether fear and volatility are presenting great buying opportunities, and the bond market after February’s NFP. We also delve into the outlook for the oil market, the subsectors Tony’s watching, destructive Bitcoin thinking and more. Enjoy!

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Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance

Forward Guidance Telegram: https://t.me/+nSVVTQITWSdiYTIx

—

Weekly Roundup Charts: https://drive.google.com/file/d/1j8QLpaGApqV5sOpojjcRKCilxnOcrF7M/view?usp=sharing

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Forward Guidance Audience Survey: https://forward-guidance.beehiiv.com/forms/109bcbf7-0948-43b8-be8d-5390a5198125

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Join us at Digital Asset Summit 2025 March 18th - 20th. USE CODE FG10 FOR 10% OFF general admission!

https://blockworks.co/event/digital-asset-summit-2025-new-york

—

Ledger, the world leader in digital asset security for consumers and enterprises, proudly sponsors Forward Guidance, where traditional finance meets crypto. As Ledger celebrates a decade of securing 20% of the world’s crypto assets, it offers a secure gateway for those entering digital finance. Buy a LEDGER device today and protect your assets with top-tier security technology. Buy now on Ledger.com.

—

Timestamps:

(00:00) Introduction

(02:43) Bitcoin and Crypto Market

(07:17) Equities and Recession Narratives

(14:14) Ledger Ad

(14:59) European Market Outlook

(18:59) Thoughts on Buying the Dip

(27:32) Ledger Ad

(28:18) Bond Market and NFP

(32:28) Oil Market Outlook

(37:51) Equity Subsectors

(40:10) Trading Strategies and Market Sentiment

(43:52) Crypto Market Advice

(48:45) Sectors that Will Lead Us Higher

(51:37) Maintaining Emotional Composure in Trading

(54:15) Learn More About Tony & Collab Plans

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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.