Recorded July 15, 2025.

We're just past the half way mark of one of the most geopolitically and politically volatile years for decades - yet key digital assets are continuing to set new highs.

On the face of it, it's a classic set-up for a significant pullback, maybe exacerbated by simmering inflation and questionable growth, combined with rising skepticism on earnings, amid lofty valuations.

Still, considering Bitcoin's historical asymmetric risk-adjusted return profile, the outlook's almost certainly going to be more nuanced.

That makes the CF Benchmarks Q3 outlook report an essential guide for what to watch in the current quarter and how to play it.

Join Head of Research, Gabe Selby, CFA and Research Analyst Mark Pilipczuk as they talk through their report: 'Alpha in the Aftermath: Moving Beyond the 60/40' on the latest episode of CFB Talks Digital Assets.

A few highlights from the conversation:

• The Fed's 'impossible' balancing act amid tariff uncertainty and the risk of cutting too late - not to mention prospects of a 'Shadow Fed Chair'
• How cracks are showing in lengthening bond auction 'tails', hinting that vigilantes are again waiting in the wings
• Bitcoin's place, alongside real estate, gold, and other assets, with the resumption of dollar debasement on the horizon
• BTC's 'unique' edge amid the SAB121 repeal, paving the way for mass collateralization
• How multi-asset portfolios are in focus ahead of the SEC's anticipated universal listing procedures for spot crypto ETFs - enabling institutional allocation in size
• As tokenization switches from science fiction to science fact, with platform's like Kraken's xStocks, how the era of smart contract platforms has truly begun

For informed insights on these points and more, from institutional practitioners across all asset classes, listen in now.