E-Mail
IMAGE: Our study is the first that demonstrates that lottery-like behavior is also an important driving force that plays a role for pricing cryptocurrencies, says Dr. Klaus Grobys from the University. view more
Credit: Pexels.com Alisia Kozik (CC)
Recent research from the University of Vaasa and the University of Jyväskyla shows that speculation and lottery-like behavior is a fundamental factor for the pricing of cryptocurrencies. Speculation could explain the enormous increase in the market capitalizations of cryptocurrencies.
Nowadays more than 8000 cryptocurrencies have been launched. Unlike traditional assets like stocks, research has shown that investments in cryptocurrencies are associated with a considerably higher level of uncertainty. The price of Bitcoin, which is the first traded cryptocurrency, increased by from $7,200.17 to $29,374.15 in January 1, 2020 to January 1, 2021 period corresponding to a return of more than 300 percent in one year.
AlphaGalileo > Item Display alphagalileo.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alphagalileo.org Daily Mail and Mail on Sunday newspapers.
Financial News
Bitcoin s volatility makes it impractical as a store of wealth or payments mechanism
Bitcoin’s exceptional volatility makes it “impractical as a store of wealth or payments mechanism,” the bank s analysts said Getty Images By Wednesday March 17, 2021 2:11 pm
Analysts at Bank of America have attacked bitcoin as “exceptionally volatile” and “impractical” in a 17 March research note.
In the note, the analysts said there was “no good reason to own bitcoin unless you see prices going up”.
The analysts said the supply of the cryptocurrency was by design artificially constrained so demand swings are.
Synopsis
Cryptocurrency can make an alternative investment for millennials over the long term since they are likely to remain strong and pull through any financial crisis that may occur in the future.
ET Spotlight Special
A well-known characteristic of millennials is wanting everything at their fingertips, i.e. on their smartphones. Everything from the morning news, to grocery shopping and dinner planning is at their disposal through the click of a button.
Fintech is also evolving at par with the generation. Digital and branchless banks are replacing traditional bank structures and payments happen at lightning speed through digital payments.
Millennials are also embracing the ‘digital currency’ lately. A recent survey suggests that 66% of millennials have more faith in cryptocurrency than the stock market.1
Coinsilium Group Limited: Crypto Treasury Status Update and StartupGrind NFT Webinar
DJ Coinsilium Group Limited: Crypto Treasury Status Update and StartupGrind NFT Webinar
Coinsilium Group Limited (COIN)
Coinsilium Group Limited: Crypto Treasury Status Update and StartupGrind NFT Webinar
20-Jan-2021 / 10:26 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014
(MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
=
COINSILIUM GROUP LIMITED
( Coinsilium or the Company ) Coinsilium Group Limited: Crypto Treasury Status Update and StartupGrind NFT Webinar
London, UK, 20 January 2021 - Coinsilium Group Limited (AQSE:COIN) (OTCQB:CINGF) the Blockchain, Open Finance and