Last Saturday, Berkshire Hathaway’s Vice Chairman Charlie Munger told attendees at the company’s annual meeting in Omaha that “people who are professional traders that go into , it’s just disgusting.” According to Nobel prizewinning economist Robert Shiller, “We are over-emphasizing .” And JPMorgan Chase & Co. CEO and Chairman Jamie Dimon’s view on have arced from disdain to ambivalence.
Crypto Valuation = Philosophy + Technology?
Eric Kovalak, a managing partner for Vellum Capital, a hedge fund management firm specializing in crypto assets, says, “People are trying to translate the value of into a traditional model where they’d use something like P/E.”
Going Mainstream: “Using Without Knowing It”
One of the greatest levers for widespread of is how easily people can acquire, protect and use them. Suffice it to say there’s still a great deal of intellectual know-how required to understand, find and sign into an encrypted portal and begin . That said, for believers, the promise of is its potential to be a first-ever global currency.
Formulating A Crypto Investment Strategy
When I asked G. Mark Hardy, an expert on cyber security and president of the National Security Corporation, what criteria he would use to assess the value of , his answers included:
- Look at the financial stability and maturity of the cryptocurrency’s core developers and their sponsors.
- Monitor the consumer acceptance rate over time.
- Determine if the company behind the coin is solving a particular business issue. With more than 2,500 cryptocurrencies and growing, many simply emulate what an existing currency is already doing.
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Published at Sat, 11 May 2019 07:16:54 +0000
