Forbes Magazine featured Vellum Managing Partner Eric Kovalak in “Here’s What Investors Need To Know About Cryptocurrency“: Crypto Valuation = Philosophy + Technology? Eric Kovalak, a managing partner for Vellum Capital, a hedge fund management firm specializing in crypto assets, says, “People are trying to translate the value of cryptocurrencies into a traditional model where they’d use something like P/E.” While there is a calculation called NVT Ratio (i.e., network value to transactions ratio) that
What is the real market value of cryptocurrencies like Bitcoin? The numbers used to explain the performance of Bitcoin and other cryptocurrencies are less meaningful than most assume. Cryptocurrencies are not exactly like stocks, and cryptocurrency exchanges do not work like traditional securities markets. As a result, many crypto-asset investment strategies based on conventional definitions of market share, capitalization, volatility, and trading volume are deeply flawed. Misleading numbers mean that cryptocurrency valuation and adoption is
Ohio on Monday became the first state to accept bitcoin as a tax payment option for businesses, and United Press International went to Vellum partner David Veksler for the definitive take on the story: “Part of the reason cryptocurrency is so volatile is that nobody knows what will happen to it in the future,” said David Veksler, director of technology at the Foundation for Economic Education, which promotes free-market economics. “It could fail entirely, it
Environmentalists have recently become concerned about the impact Bitcoin mining has on global warming. Headlines such as “Bitcoin Will Burn the Planet Down. The Question: How Fast?” and “Bitcoin Mining Alone Could Raise Global Temperatures Above Critical Limit By 2033” suggest that Bitcoin is an unfolding environmental disaster. However, those panicking about crypto make three fundamental errors. First, they do not understand how Bitcoin works, second, they do not understand what mass adoption would look like, and third, they do not understand the problem Bitcoin is intended to solve.
Purchasing Bitcoin and other cryptocurrencies on your own comes with risk. Here are the five most common cryptocurrency scams reported by customers of Bitcoin Wallet Recovery Services: 1: Fake mining contracts: “mining contracts” which offer fantastic payouts, such as doubling your money in 10 hours (see screenshot below). After sending the “mining company” Bitcoin, they either disappear or ask for more money to unlock funds. Some “mining services” send a public address as proof of payment, or hold
Jeffrey Tucker discusses the latest market moves in crypto.
Jeffrey Tucker accepted a title of Research Affiliate for the RMIT University Blockchain Innovation Hub in Melbourne, Australia. RMIT University is known for applied leading-edge research that engages with business and technology. They are an interdisciplinary team of researchers in economics, political-economy, organizational theory, law, sociology, politics and communications. They work on cryptoeconomics, business strategy and adaptation to blockchain technologies, mapping the blockchain economy, and identifying the public policy challenges that will hold back or accelerate this economic revolution. View a
Digital assets may be the most future-proof investment of our lifetime. Take Bitcoin. At 10 years old it continues to grow because it crosses more technology solutions and popular use cases than any previous attempt at digital currency. It’s positioned right in the middle of the largest trends of the 21st century: distributed platforms, AI, technological singularity, and efficiency disruption. It is also a practical solution to real economic problems such as inflation. As a fund
The Brain Bar is central Europe’s leading festival of ideas and technology. This year, the event featured Jeffrey Tucker as the opening keynote to speak about cryptocurrent and blockchain technology and its meaning and future. Here is a video wrap up of the event.