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Grayscale Investments’ $250M Record Shows Appetite For Bitcoin Is Growing

Grayscale investments’ $250m record shows appetite for bitcoin is growing

Grayscale Investments’ $250M Record Shows Appetite For Bitcoin Is Growing

Grayscale investments’ $250m record shows appetite for bitcoin is growing

Barry Silbert’s Grayscale Investments has released an income report which defies the theory that lower bitcoin prices mean less cash flowing into cryptocurrency. 


Who Cares About bitcoin Prices?

In its Digital Asset Investment Report, Grayscale revealed the highest rate of investment in its history — $250 million since January.

The rate of investment, especially in bitcoin, actively increased throughout Q1 and Q2 — despite bitcoin prices decreasing by over 50 percent during the same period.  “As the investment community knows, over the last six months, the digital asset market experienced one of the largest price drawdowns since the inception of bitcoin in 2009,” the report summarizes, continuing:

However, what is more interesting, and somewhat counterintuitive, is that the pace of investment into Grayscale products has accelerated to a level that we have not seen before […] bitcoin continues to be the most popular position for Grayscale investors, with 63% of inflows into bitcoin Investment Trust and 37% into Grayscale products tied to other digital assets

Tweeting about the news, Silbert said he was “thrilled” by Grayscale’s performance, the vast majority of investments being for the group’s bitcoin Investment Trust.

Not All Funds Are Created Equal

Prior to announcing the results, Grayscale had remained unflinchingly bullish on cryptocurrency markets.

In an analysis earlier this month, researchers determined crypto assets to be the “missing piece of the puzzle” for investors looking to maximize the effectiveness of their strategy.  “Moreover, many digital assets are imperfectly correlated to one another, which means there may even be diversification benefits within the asset class itself,” they found.

Grayscale also bucks a trend of cryptocurrency-focused funds beginning to struggle with changing market conditions.

A report in April warned that by 2019, up to 10 percent of funds will have closed as regulatory uncertainty weighs on growth.  “New capital has slowed, even for a higher-profile fund like ours,” one fund told Bloomberg at the time, marking a stark contrast with Grayscale. 


What do you think about Grayscale’s investment record? Let us know in the comments below! 


Images courtesy of Twitter.

Published at Thu, 19 Jul 2018 00:00:23 +0000

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The Next Doctor You Consult Could Be a Robot: Healthcare Meets AI and the Blockchain

The Next Doctor You Consult Could Be a Robot

Startup company doc.ai has been working with university researchers to create a platform on the blockchain where patients can discuss their medical data with an advanced artificial intelligence “doctor.”

On August 24, doc.ai announced that their advanced natural language processing technology platform, based on the blockchain, would timestamp datasets and decentralize artificial intelligence. The startup stated that the platform was “envisioned and built” by researchers from Stanford and Cambridge Universities.

The objective of the company is to help healthcare companies improve patient care and  experience through an advanced natural dialogue system which will be able to generate insights from combined medical data.

According to the World Health Organization, there is a shortage of seven million healthcare professionals globally, and that number is on the rise. There is increasing pressure on doctors who are faced with meeting the challenging needs of the population and keeping up with the latest developments in healthcare and medicine. Furthermore, the training of healthcare professionals takes years of education and experience. With the help of AI, doc.ai aims to address such challenges while improving the patient care and providing a better healthcare experience.

“We are making it possible for lab tests to converse directly with patients by leveraging advanced artificial intelligence, medical data forensics, and the decentralized blockchain. We envision extensive possibilities for the use of this technology by doctors, patients, and medical institutions,” Walter De Brouwer, founder and chief executive officer of doc.ai, said in a statement.

Deloitte Life Sciences and Healthcare is working with doc.ai to test the company’s Robo-hematology solution, which was developed recently at the Deloitte University in Dallas, Texas.

“doc.ai’s AI-based doctors provide answers to health questions using an AI-powered platform. Platforms like these open new possibilities for patients and medical organizations by providing more personalized, intelligent healthcare. We are excited to collaborate with doc.ai and to be at the forefront of this technology,” said Rajeev Ronanki, Principal of Life Sciences and Health Care at Deloitte Consulting LLP.

The platform operates as a Software as a Service (SaaS), providing service to medical companies, which will allow their patients to have personalized AI-powered conversations about their health around the clock. The conversations are personalized, based on the patient’s health data via a mobile app. The company expects to roll out three natural language processing modules — Robo-genomics, Robo-hematology and Robo-anatomics — for their clients.

Patients can ask the AI questions related to their health, such as “What should be my optimal Ferritin value based on my iron storage deficiency?” or “How can I decrease my cholesterol in the next 3 weeks?” or “Why was my glucose level over 100 and a week later it is at 93?”

According to doc.ai, the artificial intelligence will be able to provide answers for the patients with additional context for each answer. Furthermore, patients can communicate with the “AI-powered robo-doctor” to “achieve better health outcomes” from consultations with the patient’s physician.

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