Cryptocurrencies

In Bitcoin, Blockchain, Cryptocurrencies, Ethereum, Hedging, Technology by Leann Zhang1 Comment

Executive Summary:

Love it or hate it, we know it’s captured your attention and toyed with your affections over the last year. Instrument Capital is not here to judge whether you’ve traded it correctly. Rather, we aim to provide an introductory primer to cryptocurrencies and blockchain that is both technical and practical. First, we will go through the algorithms and technologies underpinning of the blockchain that is being put to use as digital currencies, gaming tokens, tamper-proof ledgers, and even banking platforms free of the need for human verification and customer support. Next, we attempt to take a thoughtful approach on portfolio allocation, using the traits of blockchain to compare it to incumbent currencies, commodities, and e-payment platforms. Our last section is meant to serve as a springboard to get you involved as a buyer, consumer, developer, and/or investor in this fascinating new part of the internet. Our recommendation to you is to participate in the space but develop your individual view before doing so. The good news is regardless of your view and its severity, you’ll be in good company (see quotes at the left margin throughout the pdf download).

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 Risks & Disclosures: The information contained herein is general in nature and based on authorities that are subject to change. Instrument Capital guarantees neither the accuracy nor completeness of any information and is not responsible for any errors or omissions, or for results obtained by others as a result of reliance upon such information. Instrument Capital assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect information contained herein. This publication does not, and is not intended to, provide legal, tax or accounting advice, and readers should consult their tax advisors concerning the application of tax laws to their particular situations. This analysis is not tax advice and is not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer. All trading involves risk. Only risk capital you are prepared to lose. This content is intended for educational purposes only, and shouldn’t be considered investment advice.

 

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