cryptocurrencies
The FTX fiasco has more to do with fractional reserve banking than it does with crypto.
“It is difficult not to marvel at the imagination which was implicit in this gargantuan insanity. If there must be madness something may be said for having it on a heroic scale.” -- John Kenneth Galbraith
The crypto market’s recent gyrations necessitate a fresh look at the evolving relationships between crypto and traditional asset classes.
Not all traditional investment management techniques are applicable to digital assets, but sector breakdowns, DCF models, and risk factor modeling are solid starting points.
Eswar S. Prasad provides an interesting and insightful exposition on the shifting landscape from traditional paper notes to digital currencies.
When it comes to hedging equity risk, bitcoin and cryptocurrencies are less "digital gold" and more fool's gold.
What role does security selection play in cryptocurrency investing? Can token pickers demonstrate differentiated performance?
Campbell Harvey explains why DeFi has such transformative potential.
The correlation between volume and price of crypto coins and tokens is negligible no matter how it's measured.
The crypto craze will make for a fascinating case study in the annals of financial history.