Browsing: Cryptoassets

The year began amidst a raging bull market. Global equities have made up all the post pandemic losses and are up 85% (as at 7 May 2021) since their March 2020 lows.

It’s hard to overstate how dramatic this market moment was, or how much panic was in the air. The horror of more than 700 people dying every day in New York City alone for instance was still in the future, with nurses and doctors wearing trash bags instead of medical personal protective equipment (PPE).

Data shows that many investors have missed the bull run altogether or are significantly underinvested, waiting for the ‘right’ opportunity to re-enter. Those who did stay invested through the volatility or re-entered the market in 2020 have a slightly different problem ‘Should I sell?’.

The Covid-19 crisis was the ultimate affirmation of what is called the golden rule of investing, buy and hold. Your …

The International Monetary Fund (IMF), an organization which includes 190 countries, working to foster global monetary cooperation, in a blogpost titled, ‘Cryptoassets as National Currency? A Step Too Far’, believes that the adoption of cryptocurrencies as national currencies has more risks and cost that outweighs potential benefits.

Cryptocurrencies had an exceptional year in 2017. Both the technology and the value of virtual currencies have experienced historic breakthroughs. At the same time, the rise of these digital currencies is causing serious concerns in the world of cybersecurity.

The IMF blogpost starts by acknowledging the potential benefits of digital currencies saying that new digital forms of money had the potential to provide cheaper and faster payments, enhance financial inclusion, improve resilience and competition among payment providers, and facilitate cross-border transfers.

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However, according to the post, the IMF …