Winds of Change Blowing in the Cryptocurrency Market
Crypto[1] is one of the most important disruptors in the past century of finance. On this subject, opinions abound: each one, strongly held and strongly defended.
Pessimists might caution, “What’s wrong with this picture?”: (1) intangible financial products, are being (2) written on intangible digital assets, often with (3) extreme leverage ratios, and are (4) usually bought and sold on unregulated or underregulated exchanges, as enabled by (5) decentralized technologies that are new and relatively untested with (6) questionable / unknown custodial and transactional security provisions, (7) in real time, 24/7, and (8) at global scale. At a minimum, pessimists might seek to have more certainty as to the size, segmentation, and…
