Cryptocurrency

In May 2018 Bloomberg announced that they had formed a cryptocurrency index, which is significant for a few reasons. First, Bloomberg only caters to institutional clients so their index is their first step to widespread institutional involvement. Secondly, either in 2018 or early 2019 we will see ETFs for both BTC and ETH. Chances are Bloomberg’s index will form the basis for a cryptoasset index based ETF in the next two years. In that same time period, we are also going to see the SEC end its war with ICOs […]

2017 was a huge bull market in cryptoassets. An investment in early 2017 could easily have gone up 100-fold by the end of the year. 2018, however, has been exactly the opposite. The market cap for cryptoassets as a whole has dropped from $800 billion to just over $200 billion. That means that most of these assets have fallen 70% or more. A 70% fall is more tolerable when it is preceded by gains of 100 times. As I have said before, cryptoassets and blockchain technology represent an institutional revolution

Not all cryptocurrencies are equal. They are not equal and in fact, they are not honestly represented. In addition, very few companies selling tokens are clear about what their token really is. The first type of token is a currency token. These types of tokens are used as a medium of exchange and Bitcoin is the prime example. For all of those who say Bitcoin is not real money, try buying any other cryptocurrency on a typical exchange without having any Bitcoin. You can’t – because Bitcoin is the medium

On the third Wednesday each month, I’m going to write an article on the world of cryptocurrencies. I feel as if this is the best investment opportunity I have seen in my lifetime. I also predict that most people who dabble in cryptocurrencies will lose their shirts. Why? Because it is like the wild, wild west out there. Seventy percent of the crypto tokens and coins could easily be scams. Plus it is so easy to make a simple mistake that will cause you to lose everything. Most people do

We now have several dozen major crypto-currencies. These include the familiar ones like Bitcoin and Ethereum which together make up about 75% of the market. There are now, however, a number of other important cryptos which include Monero (XMR), Steem Power (STEEM), Lykke (LKK), Antshares (ANS), Peerplays (PPY), Factom (FCT), Ethereum Classic (ETC). Beyond those, more than 20 other “major” cryptocurrencies have emerged very recently. Cryptocurrencies are still very early in their life cycle. In January 2017, the market cap of the entire cryptocurrencies market was about $21 billion (US).