Bitcoin exhibits all the characteristics of a unique and important asset class

A recent research paper published by ARK Investment Management LLC (Ark Invest) and Coinbase, Bitcoin: Ringing the Bell for a New Asset Class, makes a strong case that bitcoin is “the first of its kind in a new asset class – cryptocurrency.”

Ark Invest’s blockchain analyst and products lead, Chris Burniske, and Coinbase Vice President of Business Development Strategy, Adam White, co-authored the paper, which explores the merits of cryptocurrency as a new asset class for investors.

– Burniske and White

While the authors of the paper are not the first to suggest that cryptocurrencies represent a bona fide asset class, that investors should be watching like any other, they do appear to be the first to quantify and qualify that sentiment in an investment bank-ready report.

Burniske and White used the definition of an asset class addressed in Robert Greer’s seminal 1997 paper, What is an Asset Class, Anyway? In his paper, Greer

Read more ... source: TheBitcoinNews