In his fellow talk, Hermann Elendner will address the longer-run perspective of crypto-asset Investments.
While the original design goal of Bitcoin was decentralised, digital money - a peer-to-peer means for payments - a decade later cryptocurrencies have established themselves as alternative investment assets. However, just as law and regulation are still struggling with their censorship resistance, so is standard asset-pricing theory with their high returns, high volatilities and low correlations. This Fellow Talk will address the longer-run perspective of crypto-asset investments: the tension between economic theory and empirical properties, the momentum in cryptocurrency prices, and how to incorporate the asset class of "cryptos" in portfolio and risk management.
Weizenbaum Institute, Hardenbergstraße 32, 10623 Berlin, Room A103 – A105
Wednesday, 31. July 2019
02:00 - 03:00 PM
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