Bitcoin - Ringing the Bell For a New Asset Class
EXCERPT
Building upon Greer’s work, ARK Invest and Coinbase have defined four distinct characteristics that
delineate the boundaries among traditional asset classes:
| Investability
| Politico-Economic Features
| Correlation of Returns: Price Independence
| Risk-Reward Profile
...
By analyzing bitcoin’s behavior in the context of these four criteria, ARK Invest and Coinbase aim to unearth its merit as a bellwether for the cryptocurrency asset class. That said, cryptocurrency as an asset class cannot be proven as unique without observing its behavior relative to traditional asset classes: equities, bonds, precious metals, real estate, energy commodities, and fiat currencies.
Read in Full