In his fellow talk, Hermann Elendner will address the longer-run perspective of crypto-asset Investments.
Ort: Weizenbaum Institute, Hardenbergstraße 32, 10623 Berlin, Room A103 – A105
Zeit: Mittwoch, 31. Juli 2019 14:00 Uhr bis Mittwoch, 31. Juli 2019 15:00 Uhr
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.
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