The established wisdom is clearly now that there are three ‘serious’ cryptocurrencies – Bitcoin, Ethereum and Ripple, which have specific purposes and USPs – goods and services transactions, smart contract functionality and trade finance respectively - should now be classified as an investment sub-class in their own right. They have
Tag: cryptocurrencies
Cryptocurrencies as a long-term investment
The results to date of investment in bitcoin have been spectacular. But what about the long-term? For equities, Benjamin Graham famously thought that undervaluation and low risk together would generate superior returns. Undervaluation is a highly difficult term to pin down, but some combination of (a) the discounted value of