Bitcoin was originally created as a currency for the internet, where people could send and receive money without going through a financial institution. In recent years, the dominant narratives surrounding bitcoin have been solely focused on its potential as a
On-chain crypto-assets transaction volumes have grown rapidly, particularly during the COVID-19 pandemic. Crypto-assets activity appears to be a global phenomenon, although it still remains modest relative to gross domestic product for most countries. Panel regressions across more than 130 countries
In the face of these events, Bitcoin outperformed assets like oil, gold and US dollars. After heavy price drops to start 2022, the crypto market stabilised for some time until it was shaken by a sudden spike which saw overall
Once investors have decided to invest in digital assets, the next question becomes, “Which one?” Of course, bitcoin is the most recognized, first-ever digital asset, but there are hundreds and even thousands of other digital assets in the ecosystem. One
Once investors have decided to invest in digital assets, the next question becomes, “Which one?” Of course, bitcoin is the most recognized, first-ever digital asset, but there are hundreds and even thousands of other digital assets in the ecosystem. One
A broader market sell-off caused market sentiment to weaken substantially in Jan., leading some to think that BTC could break critical support levels and slip into a bear market. Notwithstanding BTC’s underwhelming performance, BTC’s hashrate hit an all-time-high on Jan.
Once investors have decided to invest in digital assets, the next question becomes, “Which one?” Of course, bitcoin is the most recognized, first-ever digital asset, but there are hundreds and even thousands of other digital assets in the ecosystem. One
Some alternative assets performed very well in 2021, especially private equity and Bitcoin. But we think 2022 will be very different with less growth but lots of policy tightening. Hence we expect a convergence of returns but still favour cyclical
If 2020 was the The Year of the ₿ull, then 2021 was without a doubt the year crypto went mainstream. Last year, the cryptoasset industry experienced breakthroughs in adoption, regulation, policy, broader infrastructure development, technical upgrades, and on top of
Uncommon truths It is time to forget central scenarios and think about improbable but possible outcomes. Market sentiment is now mixed (thanks to the Fed), so our list of surprises contains something for everybody (these hypothetical predictions are our views
Whether Crypto is the new New World or a glorified Ponzi Scheme is a debate which gets people curiously animated. We deftly sidestep this fracas, and instead focus on how the related instruments could be used from an asset allocation
Bitcoin's reputation as the soundest form of money is largely underpinned by its decentralized blockchain network. The network comprises globally distributed computers, known as “nodes,” that connect to each other and are run by anyone in the world with …
China bans Bitcoin, embraces dlt with ESG implications We don't have to sacrifice a strong economy for a healthy environment. Dennis Weaver SUMMARY China’s renewed crackdown on bitcoin aims at tackling the country’s problems of power shortages, climate control, creeping
New research from Fidelity explores bitcoin’s characteristics, potential benefits and risks, and other implementation considerations KEY TAKEAWAYS We believe bitcoin is an aspiring asset class in a period of price discovery. Like gold, bitcoin is a high-powered, opportunistic hedging asset
Sinds mei 2021 treedt China strenger op tegen het verhandelen en mijnen van cryptocurrency’s. China treedt hard op tegen o.a. bitcoin in een poging om problemen als stroomtekorten, klimaatschokken, financiële ontwrichting en de sluipende erosie van zijn soevereiniteit op het
China is cracking down on bitcoin in a bid to overcome problems such as power shortages, climate control, financial disruption and the creeping erosion of its monetary policy sovereignty. At the same time, Beijing is embracing distributed ledger technology (DLT)
‘De komst van de euro en de bitcoin, de negatieve spaarrente, werkende armen, de spanningen met China, de crisis sinds 2007 en nog veel meer, blijken hun oorsprong te vinden in 1971 …’. Aldus Edin Mujagić, in zijn boek Keerpunt
In 1998, computer scientist Nicholas Szabo developed a novel, decentralized digital currency called “bit gold” based on a system mathematicians hypothesized nearly a decade prior. The development of this system was a precursor of what we know now as blockchain.2
Markets have been climbing a wall of worry in 2021, reaching record highs even as investors brace for the possibility of elevated inflation, rising interest rates, runaway debt and a bitcoin bubble. With so much to trouble investors, many are
Increasing regulatory control, due to central banks protecting their economic policy sovereignty and national governments seeking to control climate change, is an imminent risk for cryptocurrencies. In particular, China’s official digital currency is ‘anti-cryptos‘. Cryptocurrency anonymity, notably in the case
In this memo, we aim to explain how the Bitcoin network functions as a unique energy buyer that could enable society to deploy substantially more solar and wind generation capacity. This deployment, along with energy storage, aims to facilitate the
While fixed income markets mainly remained under pressure, they were not the worst performing asset class in March. That honor went to commodities. After leading the way over the past months, commodities came under pressure in March. The decline was broad based. Crude oil lost …
The role of cryptocurrencies as a vehicle for speculation has been well established. However, it is less clear if cryptocurrencies can also serve to manage risk. The authors seek to determine the diversification potential of cryptocurrencies both for short and
During the week of 15 of March, the bitcoin is nearing a new record high of 60.000 U.S. dollar. This unprecedented rise in price begs to wonder, what do institutional investors think about Bitcoin. In this article some of the opinions of institutional investors on bitcoin and cryptocurrencies in general will be shared.
Het is geen toeval dat de bitcoin opnieuw in de belangstelling staat nu de bezorgdheid over de inflatie toeneemt. Dat komt omdat cryptomunten, waarvan de bitcoin de bekendste is, barometers zijn geworden van het sentiment over een agressief monetair beleid van de centrale banken en financiële repressie. De voorbije tien …
As Bitcoin hits new highs, we find that more reasons are being propagated as to why this cryptocurrency is the future of the monetary system. Many of these views and assertions seem vague and overly simplistic and hence we struggle to follow the logic of the analysis provided. On the other hand, we have studied the monetary system, which is also not simple because of the complex subject matter.
Bitcoin is again in the news. Some advocates of the cryptocurrency suggest its price is rising because bitcoin is challenging gold’s standing as the one supra-currency, the asset to own when fiat currencies are being debased. Does bitcoin offer something unique as …
Columbia Threadneedle Investments provides readers with an in-depth discussion of fixed income assets. One important takeaway is the Biden presidency causing rising inflation expectations.
The Decentralized Finance (DeFi) space has been all the craze this year, with an estimated value of over $11B locked in the DeFi lending market alone.1 It’s likely that you’ve seen new DeFi platforms with impressive annual percentage yields (APY) advertised for different cryptocurrencies …
Asset allocation and risk modeling of bitcoin in an institutional portfolio Bitcoin recently celebrated its twelfth birthday, but in historical terms it is still very much in its infancy as compared to other major asset classes. In this paper we
Crypto in Review 2020 The Year of the Bull 2020 will be remembered as a catastrophic year for the world’s economy as the COVID-19 pandemic ravaged global markets. In light of this tragedy, crypto’s epic COVID-19-induced crash and bounce to
Bitcoin, blockchain, and cryptocurrencies burst onto the world stage in 2008, when the online posting of a pseudonymous white paper envisioned a new way to transfer value over the internet.1 In the decade-plus since, the cryptoasset market has gone …
Born to Run December 2020 Market Recap & Outlook Takeaways BTC’s +47% return in Dec. marked its best monthly performance since May 2019 and an annual return in excess of +300%, BTC’s 4th best annual performance since 2011. ETH’s +20%
Uncommon truths Looking at global stock indices, you wouldn’t know there had been a global pandemic and recession during 2020. On the other hand, gold bears witness to the problems and Bitcoin has recently taken up the mantle. Applying our
"In the past 18 months the subject of Central Bank Digital Currency has accelerated dramatically from potential research areas, to key policy agenda. Unquestionably, this has been driven by developments in Facebook’s Libra where the spectre of the private sector
The crypto derivatives landscape has evolved tremendously over the last several years. Beginning with pioneers like Crypto Facilities, BitMEX, Deribit, BitVC (now HuobiDM), and OKEx, derivatives trading in crypto markets really took hold in 2017, dovetailing the entrance of traditional
September 2020 Bitcoin Volatility Report – Sept. kicked off with bitcoin’s annualized volatility touching a 5-week low of 38.8%, only to then rally above 50% on Sept. 3, bounce between 50% and 56%, and snap a 5-month downtrend by concluding
August 2020 Bitcoin Volatility Report • A surge in volatility in late-July trickled into August and subsequently drove annualized volatility up to an intramonth high of 60% on August 25, in addition to a +53% jump MoM in volume traded.
“It’s an insurance policy in case inflation comes back again as it did in the 1970s. I would say that if that’s a sensible thing to do, then, certainly to have 1 to 2% of your assets in Bitcoin makes
This paper examines the case for adding bitcoin to a diversified portfolio of stocks and bonds. Specifically, we consider the impact that different allocations to bitcoin would have had on a Traditional Portfolio consisting of 60% equities and 40% bonds
May In this blogpost, we will update you on our monthly best-reads and longest-reads. If you follow our weekly blogposts, you know the best read research articles on a weekly basis. In this monthly overview, we provide you with a
Learning about bitcoin is hard. It may often entail wading through specialized courses targeting software developers, pages and pages of forums and tweets, or endless blog posts to find the answer to a single question. Even more challenging is knowing
#20 – Top Five Best Read Research on OpinioPro And it’s Saturday again: the day for us to publish our Top Five Best Read on OpinioPro this last week. Populair tags were ‘asset allocation‘ and ‘equities‘, furthermore our event calendar
“It saved our family” Lance Armstrong was ooit eens een van de meest gevierde wielrenners wereldwijd én veruit de rijkste. Met zijn pensioen zat het wel goed, zo leek het. Het liep anders. Na langslepende dopingonderzoeken en procedures werden hem
Cryptocurrencies are often thought to operate out of the reach of national regulation, but in fact their valuations, transaction volumes and user bases react substantially to news about regulatory actions. The impact depends on the specific regulatory category to which
Webinar – Hard Fork – Bitcoin ban in China and its impact A “hard fork” in blockchain is a point at which the protocol of the ledger diverges such that two separate irreconcilable chains are produced. Chains can become incompatible for
Introduction to ARK’s Big Ideas Deep Learning — From Vision to Language Streaming Media — The Primary Technology Behind Content Distribution Electric Vehicles — Faster Adoption Than Most Think Automation — Increased Productivity and More Jobs 3D Printing — An
Trends, Average Creation Costs, Electricity Consumption & Sources In this fourth iteration of our bi-annual mining report we continue our ongoing observations and analysis regarding the state of the Bitcoin mining network. As explained in the previous report, we have
Kraken Jan 2020 BTC Vol Report January 2020 Takeaways Jan. 2020’s +30.3% appreciation in bitcoin marked the best start to the year since 2013. …
THE BITCOIN REFORMATION At the end of the 16th century, a ragtag group of rebel intellectuals and entrepreneurs founded a country on some of the least desirable lands in Europe so often flooded that it needed hundreds of miles of
