Aside from meme stocks, financial headlines of the last two years have been dominated by cryptocurrencies and NFTs (non-fungible tokens, which you can read more about here).
As someone who is a big believer and contributor in the crypto space, I loved this article! I think you did a fantastic job of laying out the facts of the space and all the different things going on.
To sum up: we are very early still
I think you nailed it, and also as a huge money guy fan, I really appreciate y'all allowing up to a 5% investment in speculative assets like crypto.
One of my favorite points you made is that you should understand the technology before investing in it. My wife and mine's whole crypto portfolio (which is a smaller amount like y'all suggest) is definitely down right now, but that's ok because:
1. It's not our whole life savings. It was an amount we are comfortable losing.
2. I know what these technologies are, believe in them, and am contributing to them.
Thanks David! It means a lot that someone who is more involved in the crypto space approves. I don't really consider myself an "expert" on crypto, so it's good to hear your outside feedback.
Isn’t it wrong to conclude anything with certainty about BTC’s concentration? Many “top” accounts are most likely exchange accounts (Coinbase, Binance, Kraken etc.), with thousands of BTC owners, just holding their BTC on the exchange.
At the same time BTC-adresses are pseudonymous, one person or entity could be the owner of multiple addresses. It’s impossible to know.
From what I read, users on exchanges still get their own addresses, but I could be wrong. I think your second scenario is more likely to affect the numbers, that one person has multiple high value addresses. I think it is safe to conclude that many cryptocurrencies are concentrated at the top, but it is probably impossible to ever know exact numbers.
Back in 1918, the word "nearly" was used to denote something that was very close to something else, not necessarily slightly under the value of something else, as is the predominant use case today. Therefore, back then, both 107 weeks and 101 weeks would be considered nearly two years (104 weeks).
The ATH for Bitcoin was $68,990.90 reached on November 10, 2021. Please correct your article. Don't trust Yahoo! Finance UK for your financial information, especially when assets in their articles are denominated in British Pounds.
Hi! Yes, I'm aware bitcoin reached new all-time highs later last year, but in April it set an all-time high at the time (that was later broken, of course). I used the all-time reached on April 3rd because April is the first month where inflation really started to pick up.
Was this article in English? :). I will stay away from what I still don’t really understand and stick with my index funds.
As someone who is a big believer and contributor in the crypto space, I loved this article! I think you did a fantastic job of laying out the facts of the space and all the different things going on.
To sum up: we are very early still
I think you nailed it, and also as a huge money guy fan, I really appreciate y'all allowing up to a 5% investment in speculative assets like crypto.
One of my favorite points you made is that you should understand the technology before investing in it. My wife and mine's whole crypto portfolio (which is a smaller amount like y'all suggest) is definitely down right now, but that's ok because:
1. It's not our whole life savings. It was an amount we are comfortable losing.
2. I know what these technologies are, believe in them, and am contributing to them.
Thanks David! It means a lot that someone who is more involved in the crypto space approves. I don't really consider myself an "expert" on crypto, so it's good to hear your outside feedback.
Isn’t it wrong to conclude anything with certainty about BTC’s concentration? Many “top” accounts are most likely exchange accounts (Coinbase, Binance, Kraken etc.), with thousands of BTC owners, just holding their BTC on the exchange.
At the same time BTC-adresses are pseudonymous, one person or entity could be the owner of multiple addresses. It’s impossible to know.
From what I read, users on exchanges still get their own addresses, but I could be wrong. I think your second scenario is more likely to affect the numbers, that one person has multiple high value addresses. I think it is safe to conclude that many cryptocurrencies are concentrated at the top, but it is probably impossible to ever know exact numbers.
Back in 1918, the word "nearly" was used to denote something that was very close to something else, not necessarily slightly under the value of something else, as is the predominant use case today. Therefore, back then, both 107 weeks and 101 weeks would be considered nearly two years (104 weeks).
Thanks for the correction, that's very interesting and good to know!
The ATH for Bitcoin was $68,990.90 reached on November 10, 2021. Please correct your article. Don't trust Yahoo! Finance UK for your financial information, especially when assets in their articles are denominated in British Pounds.
Hi! Yes, I'm aware bitcoin reached new all-time highs later last year, but in April it set an all-time high at the time (that was later broken, of course). I used the all-time reached on April 3rd because April is the first month where inflation really started to pick up.