Asset Classes

Cryptocurrency

Cryptocurrency

Plural Name
Cryptocurrencies
Parent Asset Class

A form of digital or virtual currency secured by cryptograph, Cryptocurrency is a digital medium for exchange. Cryptocurrencies are decentralized networks based on blockchain technology, rendering them immune to government interference or manipulation. Cryptocurrencies face criticism for a number of reasons, including their use for illegal activities, exchange rate volatility, and vulnerabilities of the infrastructure underlying them. However, they also have been praised for their portability, divisibility, inflation resistance, and transparency.

Asset Classes

Bitcoin
Ethereum

Entities

42 Macro
Abra
Adamant Capital
Adela Investment
Alameda Research
Algorand
Anchorage
Andreas M. Antonopoulos
Arca
Argo Blockchain
Ava Labs
Banyan Hill Publishing
Bidali
Binance
Binance.US
BitGo
Bitpanda
Bitspark
Bitwise Asset Management
Block.One
BlockFi
BlockTower Capital
Blockchain.com
Blockfolio
Blockstream
BnkToTheFuture
Castle Island Ventures
Catallact
Celsius Network
Circle
Civic Technologies
Coin Center
CoinDesk
CoinFlip
CoinMetro
CoinShares
Coinbase
Coinbase Custody
Collaborative Fund
Concordium
ConsenSys
CryptoEQ
Curzio Research
DTAP Capital Partners
Decentral Park Capital
Decrypt
Delphi Digital
Digital Asset Capital Management
ETC Group
Early Investing
Edge & Node
Electric Coin Company
Enjin
Ezra Zask Research Advisors
Fireblocks
Forex Analytix
Forte
Galaxy Digital
Gemini
Genesis
Genesis Group
Glenn Williams Jr LLC
Hinde Capital
Horizen
INX Limited
Ikigai Asset Management
Kava Labs
Kraken Exchange
Lahardan Financial
LeboBTC Ledger Group
Litecoin Foundation
Lucy Labs
Lukka, Inc.
MakerDAO
Market Rebellion
MiningStore
Modern Money Group
Money Map Press
Morgan Creek Digital Assets
Multicoin Capital
Mythos Capital
Nicoya Research
Nugget's News
Palm Beach Research Group
Pantera Capital
Pepperstone
Polychain Capital
PureXposure Growth Series
Ready Set Crypto
Real Life Trading
Republic
RiskHedge
Robinhood
SFB Technologies
Seeking Alpha
ShapeShift
Slow Ventures
Southbank Investment Research
Strategic Wealth Preservation
Sygnum Bank
Synthetix
Tagomi
The Block
The Dollar Vigilante
Trader University
Trustology
Unbound Tech
Universal Market Access
Uphold
XBTO Group
Xapo
eToro
inflxion.io

Industries

Financial Technology

Terms

Alternative Investments
Blockchain Technology
Crisis Currency
Money

Alex Batlin

Alex Saunders

Alexander Leishman

Andreas Antonopoulos

Anish Mohammed

Anthony Pompliano

Arthur Falls

Arthur Hayes

Ash Bennington

Azeem Azhar

Balaji Srinivasan

Barry Silbert

Ben Weiss

Benjamin Cowen

Bill Barhydt

Bill Poulos

Bradley Duke

Brendan Blumer

Brian Kerr

Bruce Pon

Cameron Winklevoss

Caroline Cochran

Catherine Coley

Charles Hoskinson

Charlie Lee

Checkmate Bitcoiner

Damion Lupo

Dan Held

Dan Roberts

Dan Tapiero

Daniel Cawrey

Darius Sit

David Fauchier

David Hoffman

David Skarica

Dean McClelland

Diego Gutiérrez Zaldívar

Diogo Monica

Dominic Frisby

Dominic Williams

Donald Bullers

Emin Gün Sirer

Eric Demuth

Eric Kryski

Eric Muschinski

Eric Wade

Eva Beylin

Flori Marquez

Frank Curzio

Gavin Wood

George Chuang

Glenn Williams Jr

Greg Di Prisco

Hassan Bassiri

Hudson James

Hugo Philion

Hunter Horsley

Ian King

JG Savoldi

JP Thieriot

Jack O'Holleran

James Cox

Jameson Lopp

Jason Hamlin

Jason Leibowitz

Jeff Berwick

Jeff Horowitz

Jeremy Allaire

Jesse Powell

Jill Carlson

Jimmy Song

Joe Lubin

John Dwyer

John Nance

JohnPaul Baric

Jon Najarian

Josh Crumb

Justin Spittler

Kain Warwick

Kathleen Moriarty

Katie Haun

Kenneth Ameduri

Kenneth Rogoff

Kevin Kelly

Kevin Murcko

Kyle Samani

Lars Hoffmann

Laura Shin

Luca Cosentino

Marc Bhargava

Marco Krohn

Marco Streng

Marco Wutzer

Matt Hougan

Matthew Roszak

Maxine Ryan

Meltem Demirors

Michael Casey

Michael Moro

Michael Sonnenshein

Mike Belshe

Mike Novogratz

Mike Paleokrassas

Olaf Carlson-Wee

Paul Netherwood

Paul Veradittakit

Peter McCormack

Peter Van Valkenburgh

Peter Wall

Philippe Bekhazi

Pierre Rochard

Piers Kicks

Plan B

Qiao Wang

Riccardo Spagni

Richard Galvin

Rob Viglione

Robert Leshner

Robert Materazzi

Roham Gharegozlou

Rohan Grey

Ryan Adams

Ryan Dinse

Ryan Todd

Sam Bankman-Fried

Sam McIngvale

Sam Volkering

Santiago Santos

Saum Noursalehi

Sebastian Moonjava

Silvio Micali

Simon Dixon

Spencer Randall

Stani Kulechov

Stephen McBride

Su Zhu

Sunayna Tuteja

Teeka Tiwari

Tegan Kline

Tim Draper

Tom Jessop

Trace Mayer

Travis Kling

Tuur Demeester

Vinny Lingham

Vitalik Buterin

Willy Woo

Yehuda Lindell

Yoni Assia

Zac Prince

Zack Seward

  • Crypto Currencies can provide people with an easy way to send and receive wealth (even when their home countries currency is worthless or in rapid decline)
  • Allow individuals, companies and countries to escape the control of central banks and regulations
  • International Assets - they are accepted all over the world without need to be exchanged for local currencies/assets
  • Serve a similar function to gold, but may have more upside since they are not yet widely adopted
    • Cn
  • Governments are not able to control cryptocurrencies like they can fiat currencies
    • They can't block payments
    • They can't freeze accounts
    • They can't seize assets

Cryptourrency Facts
  • Based on globally, decentralized & distributed networks (no one person is in control)
    • Puts the power in the hands of the broader community
  • Many currencies have a way to increase supply
    • Often this requires "mining" (analagous to physical previous metals)
    • The supply increase is often limited to a certain amount/% per period of time


Crypto Currency Benefits (Often Compared to Fiat Currencies)
  • Typically come in fixed quantities (no one can print as many as they want)
  • They are decentralized - the government can't control them.  Power is not in one peron's hands
  • They don't require banks to safely hold (no risk of bank failure) 
  • The supply of coins/money/token is strictly regulated and/or limited (unlike fiat currencies)

Crypto Currency Risks
  • Governments may try to regulate our outlaw them (they take power away from central governments)
    • Some countries have already tried to outlaw
    • Mitigation:  It will be hard for governments to take don a decentralized system
    • Mitigation: Other countries are actively investing in crypto technologies and encouraging crypto businesses
    • Mitigation: Governments were unable to stop other distributed technologies (example:  Bit Torrent)
  • Quantum Computing could render the encryption that backstops the system
    • Currencies can use algorithms that are safe from quantum computing


    • Hacking and Theft is common - nearly $927 Million stolen in first 3 quarters of 2018

    Crypto Currency Using Classic Definition of Money

    • It is a medium of exchange
    • It is a unit of account
    • It may or not be a store of value
      • Wild price swings may indicate that it is not a good store of value (depends on confidence of holders)


    Government Sponsored CryptoCurrencies