Is Wall Street fundamentally mispricing Bitcoin-backed credit? In Episode 6 of Inside the Walls, we had a fascinating conversation with @AlexandreLaizet from @_ALCPB, @Andre_Dragosch from @Bitwise, and @YChoueifaty from TOBAM. A few particularly interesting takeaways: → Strategy's $STRC could be significantly mispriced. André argues that its yield is far above what comparable credit risk would suggest. → Strive $ASST is pushing financial innovation further. The introduction of $SATS, offering a 15% dividend, could actually strengthen $SATA rather than undermine it. → Smarter Web $SWC is opening a new frontier for Digital Credit. With £10M raised through $MORE, the UK now has its first Bitcoin-backed perpetual preferred stock, potentially paving the way for broader institutional adoption across Europe. → The next capital rotation could favor Bitcoin. As inflation accelerates and the AI trade cools, André sees the potential for billions to rotate from semiconductor stocks into Bitcoin over the coming months. And we finish with a provocative discussion about Bitcoin custody: Is "not your keys, not your coins" really scalable? Or is institutional custody an inevitable part of Bitcoin's future? Another fantastic conversation with three incredibly insightful minds. The financial system isn't being replaced overnight. It's being transformed from within. 00:00 Bitcoin Market Update: Inflation, MSTR, Strive & Smarter Web 03:05 The Digital Credit Revolution: STRC, SATA, SATS & MORE 07:25 Smarter Web's MORE: Was the £10M Launch a Success? 12:37 Can Bitcoin-Backed Credit Become an Institutional ETF? 15:52 Retail vs. Institutional Demand: Who Will Drive Digital Credit? 23:24 Can Credit Ratings Unlock Institutional Bitcoin Adoption? 27:38 Is STRC Mispriced? Bitcoin Credit vs. Traditional High-Yield Bonds 31:41 Why SATS Actually Strengthens SATA 39:05 Strive's 15% SATS Dividend: Is the Yield Sustainable? 41:39 Inflation Shock: Will the Fed Raise Interest Rates Again? 45:53 When Could Billions Rotate Into Bitcoin? 47:15 TOBAM Challenges “Not Your Keys, Not Your Coins” 51:40 Is Institutional Bitcoin Custody Inevitable? 55:55 How TOBAM Secured Bitcoin Before Institutional Custodians 58:03 The Future of Bitcoin Custody: Multisig vs. Self-Custody 59:42 Final Thoughts: Bitcoin's Institutional Future Watch the full episode! 🔥👇