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Saturday, October 7, 2017

Crypto News: Investment Alternatives To Deploy Your Cryptocurrency Needed, Says Algo 'Crypto-Asset' Manager

Investment Alternatives To Deploy Your Cryptocurrency Needed, Says Algo Crypto-Asset Manager

Crypto currencies have surged exponentially over the last few months to collectively reach close to US$150 billion in market capitalization. This has started attracting attention from fiat investors and regulators from around the world. And, everyone has their own opinion about whether these currencies are in a bubble or not.

As the "Big Daddy" and largest crypto currency by market cap, Bitcoin represents around 45% of the entire crypto currency universe. It has all the characteristics of a currency and aspects of being a commodity and a technology. It has limited supply, with less than 21 million Bitcoin ever being issued, can be used as a means of payment and a store of value.

But what is striking is the lack of investment vehicles available to crypto currency holders. Currently, they have the choice between holding crypto currencies and jumping from one to another - directly or through some dedicated funds - or invest in private equity/crowdfunding through Initial Coin Offerings (ICOs).

The first option, however, does not allow for significantly large volumes to be traded as the cryptocurrency market is still very fragmented. According to St├ęphane Ifrah, CEO of French-based NaPoleonX, dubbed the first algorithmic crypto-asset manager, the second option is quite risky and “a large number of ICOs should fail - if we take the internet revolution as a benchmark in 2000’s.”

Full story at

Source: Forbes

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