Why Bitcoin is a New Asset Class
Bitcoin is emerging as a unique asset class, according to a recent report by Chris Burniske, blockchain analyst and products lead at Ark Invest, and Adam White, vice president of business development and strategy at Coinbase. In their report, titled “Bitcoin: Ringing the Bell for a New Asset Class,” the authors argue that bitcoin is investable but differs significantly from other assets in its politico-economic profile, price of independence, and risk-reward characteristics. They believe cryptocurrency’s open source software will differentiate it further from other asset classes. They....
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India may be regulating crypto as an asset class under the purview of the Securities and Exchange Board of India (SEBI). In addition, a crypto bill is likely to be introduced during the Monsoon session of parliament, local media reported. Indian Government Reportedly Considers Regulating Crypto as an Asset Class The Indian government has yet to introduce a cryptocurrency bill. An existing bill seeks to ban cryptocurrencies. However, there have been reports of the government re-evaluating the recommendations within the bill. The New Indian Express reported Friday that top sources tracking....
Mastercard sees cryptocurrency as more of an asset class than a means of payment, according to the payments giant’s chief financial officer. Mastercard’s crypto strategy “has been fairly successful ever since crypto environments came up,” he added.
Mastercard’s CFO on Crypto as Asset Class vs. Means of Payment
Mastercard Chief Financial Officer (CFO) Sachin Mehra shared his view on cryptocurrency in an interview published Tuesday by Bloomberg.
He was asked how successful Mastercard’s crypto strategy has been. “In the....
As the cryptomarkets may see their bull run continue for fungible tokens (aka Bitcoin, Ethereum, etc) in 2021, the asset class of non-fungible tokens (NFTs) will quickly catch up. An extremely interesting development in this asset class coincides with the rise of metaverses, or parallel worlds where people are spending more and more of their […]
An executive at Wisdomtree, an asset management firm with $78 billion under management, says that “Cryptocurrencies have firmly established themselves as a new asset class and it truly is something that people can’t ignore.” He added: “We are past the point where there is speculation around whether or not this is a trend that’s here to stay.”
Wisdomtree’s Executive on Crypto
Jason Guthrie, head of digital assets for asset management firm Wisdomtree in Europe, talked about cryptocurrency during Ftadviser In Focus’ fireside....
The CEO of Microstrategy says that bitcoin will emerge as a $100 trillion asset class and will grow 100X from where it is today. He said the cryptocurrency is winning against gold as a store of value and he is not worried about regulation. “I’m not at all troubled with the regulations that’s going on right now.” ‘Bitcoin Is Winning, Gold Is Losing’ as Store of Value Microstrategy CEO Michael Saylor talked about the future outlook for bitcoin in an interview with CNBC Friday. He discussed the institutional adoption of bitcoin, crypto regulation,....