I wrote back then what I write today: bitcoin is only one type of cryptocurrency, and its success / failure has no bearing on the philosophical underpinnings
of the digital asset class.
However, strong correlation between bitcoin and the rest
of the digital asset class is just as much a risk as the lack of liquidity we talked about earlier.
Crypto assets are struggling for momentum amid calls for greater regulatory oversight
of the digital asset class.
However, the impact on the cryptocurrency market will be much smaller given the immense growth
of the digital asset class over the past 12 months.
Popular stock trading app Robinhood has officially rolled out its cryptocurrency trading platform to users in five U.S. states, setting the stage for greater mainstream adoption
of the digital asset class.
The assets are seen by many as a precursor to greater mainstream adoption
of the digital asset class.
Not exact matches
This is probably the most common use
of digital currency for individuals and non-professionals: as an alternative, risky, potentially very rewarding sort
of asset class.
While
digital money was once seen as the province
of cranks and computers geeks, it's now so mainstream that investors see it as a new
asset class and are creating hundred million dollar hedge funds to acquire it.
As former UBS chief technology officer and leading blockchain expert Oliver Bussmann recently said, «ICO as a new business model leveraging blockchain technology will sustain as the
digital way, combining crowdfunding and [a] new hybrid
asset class of equity ownership and currency.»
Coinbase is not the first to offer a cryptocurrency index fund, which passively invests in a basket
of digital assets the same way stock market investors can buy a broad S&P 500 fund, allowing investors to get exposure to the
asset class without directly owning Bitcoin and its peers.
While government efforts to come to grips with
digital money have been fraught, the more important trend may be the growing number
of money managers who are looking at cryptocurrencies as an
asset class for investment.
Since then, cryptocurrency has surged in popularity as an
asset class — and Bitcoin is now just one
of many
digital currencies out there.
The popularity
of digital currencies and the industry furthering its status as a legitimate
asset class continues to attract retail investors and traditional investment institutions.
There is no clear - cut evidence that the growth in the crypto - currency market has led to stagnation in the prices
of precious metals, but looking at the investments pouring into cryptos, especially the heavyweights, one can assume that
digital currencies have billed themselves as a safe haven for investors to park their funds, thereby replacing gold, which for decades has been the go - to
asset class.
Since 2011, Dara Albright has been helping set the direction
of the financial services industry through trendsetting articles, white papers, acclaimed conferences, roadshows and influential webinars that introduce new
digital financing techniques and modern alternative
asset classes such as equity crowdfunding and p2p notes to the financial ecosystem.
As part
of our efforts to build the best suite
of trading products and services for the fast emerging
digital asset class, OKCoin International (Intl.) will launch a new blockchain
asset - only exchange called OKEx.
These tools are expected to boost the adoption
of Bitcoin trading and hopefully establish
digital assets as a new
asset class.
As one
of the first public companies in the cryptoassets sector, we provide a responsible gateway to the exponentially growing
digital asset classes all while complying with the same laws and regulations required for traditional public markets.
The IRS» limitation in unilaterally recognizing currencies or recognizing distinct
asset classes has pigeonholed blockchain based
digital currency in an area
of the law that has many distinct benefits, with the ambiguous designation
of property.
To meet the complex needs
of an evolving
digital asset class and to protect our sophisticated participants, Bitfinex requires an agile surveillance system built on the latest technology.
Lykke, a
digital exchange for all
asset classes, was started by Richard Olsen, previously founder and CEO
of forex platform OANDA.
Coinbase is not the first to offer a cryptocurrency index fund, which passively invests in a basket
of digital assets the same way stock market investors can buy a broad S&P 500 fund, allowing investors to get exposure to the
asset class without directly owning Bitcoin and its peers.
«We're excited to further expand the universe
of Grayscale's product offerings as interest in the
digital currency
asset class continues to grow.
Bitcoin, Ethereum and every other major cryptocurrency collapsed on Tuesday, as fears
of regulatory clampdown in South Korea triggered a mass exodus from the
digital asset class.
Financial Commission's ICC consists
of a panel
of Financial Services (Finserv) and Financial Technology (Fintech) experts with backgrounds across multiple
asset classes including foreign exchange, cryptocurrency markets, and
digital Blockchain
assets, who volunteer to help drive the certification standards and protocols, as part
of the ICO Certification service.
App coins and protocol tokens are two completely separate
classes of digital assets.
As the awareness
of digital currency as an emerging
asset class grows, QuantConnect has made it easier for institutions to conveniently backtest, research and live trade
digital currencies, and integrations like these continue to make GDAX the most trusted
digital asset exchange.»
Due to this impressive year - to - date rally, many investors and newcomers to bitcoin believe that they have missed the boat when it comes to investing in this new
digital asset class as the value
of bitcoin has already risen so much since its inception in 2009.
Yoni Assia, chief executive
of Etoro, extolled bitcoin's worth as an
asset class, calling it «
digital gold».
With bitcoin viewed as
digital gold and other
digital currencies remaining outside the realm
of mainstream finance, it is no wonder that millennials prefer
asset classes which distance them from the traditional financial products pushed by Wall Street.
South Korea's Finance Minister confirmed Wednesday that his country has no intention
of banning cryptocurrency exchanges, extinguishing lingering fears about a harsher crackdown on the
digital asset class.
This suggests the market is distributing wealth more proportionately across the
digital asset class, which is positive from the perspective
of risk.
In the long - term, as cryptocurrencies mature and evolve into a major
asset class, Pandl noted that
digital currencies like bitcoin will pose lower returns but demonstrate a high level
of stability, like gold and other safe haven
assets.
The move toward single indexes and basket indexes is an effort «to raise further awareness
of digital assets as an emerging
asset class and hope to create high - level institutional content and materials for investors and anyone interested,» he said.
As it was previously stated, the market cap
of digital currencies, the world's fastest growing
asset class, stands at $ 426 billion.
The quick addition
of three new
digital assets to its private service shows Falcon's eagerness, professional coordination and underlines its strategic repositioning, which focuses on shaping a unique experience, empowered by «individual excellence and world -
class digital intelligence.»
The arrival
of ether as an investment
of interest to traders is also significant for the wider
digital currency ecosystem, providing evidence
of the claims that bitcoin could eventually spur the creation
of an entirely new
asset class.
According to The Wall Street Journal, two CFTC advisory committees will meet later this month to discuss oversight
of cryptocurrency exchanges, the processing
of bitcoin futures and whether the
digital asset class falls under the same rules governing securities manipulation.
«Morgan Creek believes blockchain to be one
of the most powerful and valuable technologies to have been developed in the
digital age and also believes that the disruptive power
of the application
of blockchain technology across all
asset classes will create enormous investment opportunities,» Yusko said, according to a Bloomberg report.
Virtual currencies are still a newcomer
class in the world
of assets and could drastically fall at any time, according to the founder
of blockchain network Ethereum and the
digital currency
of the same name, Vitalik Buterin.
The tax advantage
of digital currencies, plus the return
of a high - risk, high - reward alternative
asset class.
Whether you believe in a crypto future or you just want to dip your toes into this
asset class, these 5 stocks will allow you to test the waters without the risks
of owning
digital assets outright.
Florence said the widespread and instantaneous availability
of such information — the «
digital deal flow,» he called it — will ultimately increase the value
of real estate as an
asset class by reducing risk.