Bitcoin recently hit a market cap of 1 trillion USD – Yes with a “T” a single coin was worth more than USD 57,000 as recently as 21-Feb-21
I have been a firm critic of Bitcoin using largely below rationale
but is there something that I am missing?
Most of the stuff on internet/twitter is very price driven, the day price appreciates the more noise is made that day without any meaningful analysis on this phenomenon.
After some digging came across a really useful piece that analyses the crypto landscape with data and objectively
CFA Institute has put a very detailed report on Crypto Assets for Investment Professionals while the whole report is fantastic, I will share some of my key learnings from the report. You can access the full report here
- Whether we like it or not – Crypto is here to stay
As the cryptomarket enters its second decade, one thing is clear: Crypto and blockchains are not going away. 2 major financial institutions, such as Fidelity Investments and CME Group, are heavily involved; large endowments, such as those of Harvard University, Yale University, and Stanford University, are investing, alongside such hedge fund legends as Paul … Read the rest