Why Bitcoin is a New Asset Class

Why Bitcoin is a New Asset Class

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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 believe it could grow to substantial market capitalization.

Asset Class Characteristics

Asset classes are viewed in different ways. Oftentimes they are seen in terms of investability. They also differ in their politico-economic features and their correlation of price movements and risk-reward profiles. Burniske and White explore bitcoin in the context of all four criteria.

The authors believe an asset class must be

Read more ... source: TheBitcoinNews


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