I am director of research for digital assets at Forbes. I was recently the Social Media/Copy Lead at Kraken, a cryptocurrency exchange based in the United States. Before joining Kraken I served as Chief Operating Officer at the Wall Street Blockchain Alliance, a non-profit trade association dedicated to the comprehensive adoption of cryptocurrencies and blockchain technologies across global markets.Source
Bitcoin is on the move again. Priced just above $13,000, it is up 80% on the year, which is outpacing the year-to-date returns from leading equity performers in the S&P 500 including most of the infamous FAANG members. In fact, it has recently surpassed mighty Amazon.
Looking broadly at leading market indices, bitcoin’s performance this year is even more impressive. It is almost tripling the Nasdaq 100, which is up 32%. Additionally, it is outperforming the S&P 500 by 1600%, while the DJIA remains in negative territory.
So, what is behind this recent surge? The catalyst was...…Bitcoin is on the move again. Priced just above $13,000, it is up 80% on the year, which is outpacing the year-to-date returns from leading equity performers in the S&P 500 including most of the infamous FAANG members. In fact, it has recently surpassed mighty Amazon.
Looking broadly at leading market indices, bitcoin’s performance this year is even more impressive. It is almost tripling the Nasdaq 100, which is up 32%. Additionally, it is outperforming the S&P 500 by 1600%, while the DJIA remains in negative territory.
So, what is behind this recent surge? The catalyst was...WW…
BETAThis is a BETA experience. You may opt-out by Oct 7, 2020,A core investment strategy is facing an unprecedented threat, and the solution may be to buy bitcoin.Known as the 60/40 portfolio, adherents allocate 60 percent of their investment to equities with the balance placed into debt instruments. The rationale is to capture large gains when equities rise and rely on appreciating bond prices to protect their downside when markets correct. It is hard to argue with the results. The 60/40 portfolio has .However, these are not normal times and the extreme frothiness of today’s...…BETAThis is a BETA experience. You may opt-out by Oct 7, 2020,A core investment strategy is facing an unprecedented threat, and the solution may be to buy bitcoin.Known as the 60/40 portfolio, adherents allocate 60 percent of their investment to equities with the balance placed into debt instruments. The rationale is to capture large gains when equities rise and rely on appreciating bond prices to protect their downside when markets correct. It is hard to argue with the results. The 60/40 portfolio has .However, these are not normal times and the extreme frothiness of today’s...WW…
BETAThis is a BETA experience. You may opt-out by Jun 5, 2019,Even though the company continues to perform well financially, the past few years have undoubtedly been the roughest in Facebook’s history. From its manipulation by Russia during the 2016 U.S. election to multiple breaches of consumer privacy and trust, the company is struggling to demonstrate that it deserves the trust placed in it by its over 2 billion users.Facebook is now trying to restore its reputation by . Yet at the same time it is raising the stakes by moving aggressively into the financial services space. A...…BETAThis is a BETA experience. You may opt-out by Jun 5, 2019,Even though the company continues to perform well financially, the past few years have undoubtedly been the roughest in Facebook’s history. From its manipulation by Russia during the 2016 U.S. election to multiple breaches of consumer privacy and trust, the company is struggling to demonstrate that it deserves the trust placed in it by its over 2 billion users.Facebook is now trying to restore its reputation by . Yet at the same time it is raising the stakes by moving aggressively into the financial services space. A...WW…