Cryptoassets are an emerging class of assets with a lot significant potential for wealth generation and preservation. Involvement in the “Cryptocurrency Ecosystem” requires a fair amount of knowledge about underlying block-chain technology, but it also requires significant understanding of monetary theory. $BTC, $LTC, $ETH, and many other cryptoassets have a hard cap. Once reached, no new coins are created. This drives the already speculative asset class towards even higher rates of deflation.« Continue »
Eyeing Bitcoin Volume
Over the past year, the price of bitcoin and other cryptocurrencies, with respect to the US dollar, have skyrocketed. For the most part, the increase in price has coincided with an increase in trading volume. However, since the peak in late may, trading volume for bitcoin has actually declined somewhat, even as the price has continued to grow.« Continue »