Cryptocurrency

February 15th Update on Cryptoassets by RJ Hixson

February 15th Update on Cryptoassets by RJ Hixson This month’s cryptoasset update will be abbreviated for two primary reasons: Van is travelling and we are in the middle of two back to back workshops in the office here. Market Summary Cryptoassets are clearly still in a bear market. That’s easy to see just looking at a long term chart of Bloomberg’s Galaxy Crypto Index – Bloomberg’s Index tracks ten major cryptoassets and Bloomberg started the index in May, 2018 at 1000 – at about the dotted vertical line on the …

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Cryptoasset Update: What Happened to the Top 100 in Market Cap on Dec 31st 2017 During 2018 by Van K. Tharp, Ph.D.

Generally, 2018 was a disaster for the crypto market. The market cap of the top 100 cryptos dropped from around $555 billion (still well under the market cap of AAPL stock) to about $124 billion – pretty much the value of a large cap stock. Knowing it was a disaster, I decided to look at what would have happened if someone had put $100 into each of the top 100 in market cap the end of 2017. Did anything go up in 2018? What was the likelihood of a top …

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January 15th Update on Cryptoassets by Van K. Tharp, Ph.D.

Last month, someone commented that they would prefer if I just talked about what was happening in cryptoassets and not about what I expect to happen. We are talking about a market which has a capitalization of a little more than $100 billion. There are several dozen individual stocks with capitalizations higher than the entire crypto market. Why even do a monthly update on cryptos? I monitor the cryptoasset market because I believe cryptoassets and the blockchain technology behind them represent an institutional revolution – not a technical revolution. Right …

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December 15th Update on Cryptoassets, by Van K. Tharp, PhD

Over the last month we’ve basically had another 50% drop in cryptoassets – and we have passed the point where I’d thought everything would have started to go up. This is a prime example of why you should pay attention to what the market is doing right now rather than what you think it should be doing or what it will be doing. Reality (what is happening now) is a lot more important than your theories about what might be happening. Cryptos have been going down through 2018 and until …

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November 13th Update on Cryptoassets

November 13th Update on Cryptoassets by Van K. Tharp, PhD 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, in 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 …

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An Update On Bakkt: The Key to the 2019 Bull Market in Crypto Assets, by Van K. Tharp, PhD

Few people probably know that Intercontinental Exchange, which owns the New York Stock Exchange along with a number of other exchanges, is hard at work developing an institutional platform to trade cryptocurrencies. The name of the platform is Bakkt and it’s rumored to start in November 2019. First, the exchange is working in partnership with Microsoft and Starbucks. The platform will be cloud-based which is where MSFT technology and expertise come into play. In addition, Starbucks is involved in helping currencies like BTC be accepted as payment at numerous retail …

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Update on Cryptoassets: October 16th, by Van K. Tharp, PhD

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 …

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What’s The Story with Cryptoassets in 2018?, by Van K. Tharp, Ph.D.

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 …

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Sunset for Fiat Currency?, by R.J. Hixson

In its early days, Bitcoin attracted many for its promise of transactional freedom from governmental or institutional control. Indeed, some of those wanted to avoid governmental oversight because their transactions were illegal (think Silk Road) or because they were evading taxes (think money laundering). That illicit association kept a lot of investors and institutions away from bitcoin and other cryptoassets for many years. In 2018, however, billions of dollars are flowing into cryptoassets, infrastructure projects, and the crypto ecosystem. What do entrepreneurs and institutions see on the far side of …

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Types of Crypto-Tokens by Van K. Tharp, Ph.D.

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 …

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