Steve Miller

Is a CFA® Charterholder and co-founder of A site devoted to helping people integrate cryptoassets into their investment portfolios. The CFA designation is globally recognized and attests to a charterholder’s success in a rigorous and comprehensive study program in the field of investment management and research analysis. Visit the site to subscribe to the newsletter and stay up to date on his latest research into cryptoasset investing. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

BLCN ETF Snapshot

ETF: REALITY SHARES NASDAQ NEXGEN ECONOMY (NASDAQ:BLCN) Exposure: Blockchain 5 top holdings (3/2/2018) Cisco Systems (2.55%) Filed US Patent for a blockchain platform to regulate wireless devices Intel (2.53%) Blockchain products and development for privacy and security Microsoft (2.32%) Azure provides developing, testing, and deployment of blockchain apps IBM (2.32%)…

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The Hidden Factor Behind Bitcoin’s Transaction Volume Decline

Recent buyers are more likely to hold their bitcoins on exchanges. Volume naturally drops when a market declines from a parabolic phase as Bitcoin has. Magnifying this natural tendency is that new participants remaining in the market that started investing near the top of the bubble. Are probably dollar cost…

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GBTC Snapshot

STOCK: BITCOIN INVESTMENT TRUST (OTCQX:GBTC) Exposure: Bitcoin Features Each share represents .00101 bitcoin (As of 2/15/2018) Potential low price entry to BTC Own BTC without the hassles No need to purchase from an exchange Eliminate storage and security concerns Easily purchased for retirement accounts like IRAs through standard brokers (TD…

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BLOK Snapshot

ETF: AMPLIFY TRANSFORMATIONAL DATA SHARING (NYSE:BLOK) Exposure: Blockchain 5 top holdings (2/16/2018) Taiwan Semiconductor (6.3%) Semiconductor manufacturer = crypto mining hardware demand Digital Garage (5.38%) Blockchain products for Japanese Market = early mover in huge market Nvidia (4.89%) Graphics Processing Unit manufacturer = altcoin mining demand Overstock (4.85%) tZERO Distributed…

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Can Bitcoin Glitter Like Gold?

Writing in his research paper, A Bitcoin Standard: Lessons from the Gold Standard. Warren Weber takes historical lessons learned from countries on the Gold standard to envision how a Bitcoin standard might look if implemented as the foundation for monetary policy. An empirical examination of countries’ experience with the gold…

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Estimating the Price Impact of Widespread Transactional Usage of Bitcoin

An interesting research paper by Wilko Bolt and Maarten RC van Oordt published in 2016, On the Value of Virtual Currencies. Outlines a framework to evaluate the potential price impact to cryptocurrencies from broader transactional usage. Using Bitcoin as a case study since it was the furthest along this path…

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Is Ripple Investable?

Ripple explicitly rejects the general rationale for the creation of cryptocurrencies. Facilitating decentralized trustless interactions between people. Instead, seeking to enhance existing financial infrastructure. As opposed to most other projects viewing themselves as revolutionary technologies that will upend the financial systems as we know it. Think Bitcoin, Ethereum, etc… This…

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