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Here’s the 10-Year Score Card Comparing Bitcoin and Traditional Assets

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The prospect for growth is arguably one of the core factors that investors consider when choosing an asset to invest in and this has always influenced the type and nature of assets that are considered viable by many professional investors. While the choice of an asset to invest in is dependent on the choices of an investor, there are important metrics and technical profiling of the wide array of assets that can help investors make better choices in placing their bets on any one asset.

The investing world is most predominated by the stock and commodity market. The stock market is where the shares of publicly listed companies are traded while the commodity market features the trading of such economic commodities such as cocoa, gold, precious metals, crude oil, and many others. Until recently, more than a decade ago, Bitcoin (BTC) and blockchain technology were born, heralding a new niche of investable assets known as cryptocurrencies.

The birth of cryptocurrencies came with more than one revolutionary overhaul, but primarily, Bitcoin and the succeeding altcoins came to change the traditional functioning of the current traditional financial ecosystem. As they began making waves in their purported use cases, the virtual currencies began rising in value on an annual basis, and are now at a point where they are being regarded as a better asset class to invest in than those in both the stock and commodity markets alike.

The 10-Year Growth Tracker of Bitcoin and Traditional Assets

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According to the data culled from The Case for Bitcoin, a data aggregator platform for Bitcoin and related assets, the price or value momentum of Bitcoin in the past decade is remarkably up by 10,136,508%, compared to a negligible growth of 34% for gold in the same time frame.

According to the public data up for comparison, Bitcoin has always seen a significant growth rate exactly 10 years ago when compared to Gold and the S&P 500 Index, an index tracking the growth of the biggest 500 listed United States stocks. 

In the first year profiled, bitcoin grew by exactly 308%, gold surged 18% while the S&P 500 Index saw a 16% growth rate. Bitcoin also took the lead in the second year with 811% advancement in value, gold recorded 43% while the S&P 500 grew by 47%. The overblown growth came in the 8th, 9th, and 10th year when bitcoin grew by 234,343%, 488,867%, and 10,136,508% respectively.

In the last three years profiled, gold recorded a relatively conservative growth of 11%, 13%, and 34% while the S&P 500 Index 159%, 195%, and 199% respectively.

Despite gold seeing more global embrace shown in its market cap pegged at $11.27 trillion against the $654 billion for Bitcoin, according to CoinMarketCap, the precious metal has a super low mark on its scorecard in relation to Bitcoin.

What This Connotes

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From the reported data, it is obvious that Bitcoin’s upward trajectory had been consistent except for the third and seventh years when it recorded significant retracements. Bitcoin has been constantly projected by analysts and investment banking firms including JPMorgan Chase to grow beyond $146,000 from its current price of $34,500.

Should this projection come through in the near future, the growth rate of Bitcoin will even take a more rocket dive to the moon further giving credence to the claims that the cryptocurrency is the new gold.

#Bitcoin #btc #Gold #Growth Rate #S&P 500 Index

Source: https://www.cryptoknowmics.com/news/heres-the-10-year-score-card-comparing-bitcoin-and-traditional-assets

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Meet The Kraken Bank Executive Team: CEO David Kinitsky

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First revealed last September, Kraken is quietly hard at work gearing up to launch Kraken Bank. This exciting new venture is helping to shape the landscape for both Bitcoin and other cryptocurrency services – and the banking industry – well into the future. 

While we can’t reveal all the details yet, we sat down with Kraken Bank CEO David Kinitsky to get a glimpse into how he’s leading the charge to ensure the next generation of financial firms are built with the next generation of assets in mind. 

David brings more than 15 years of experience in cryptocurrency and financial services. He helped launch a streak of innovations with Grayscale, Fidelity, Circle, SecondMarket, and the private investment funds he’s managed.

He’s full of industry knowledge and always adds a colorful perspective to the conversation. Enjoy!

Hi David! You worked at some of the biggest names in the industry. How did you get into crypto, what were those experiences like?

I first came across Bitcoin when I was working at a company called SecondMarket, which would become Digital Currency Group, one of the largest players in this industry. SecondMarket built marketplaces for illiquid, esoteric, and emerging assets. Eventually we got into Bitcoin and sold the legacy business to NASDAQ. 

I took the lead in setting up Grayscale, structuring it’s first and flagship product – the Bitcoin Investment Trust – and served as GM of the business, which I ran for the next couple years. Today, Grayscale is the largest digital asset manager in the world with some $25-30 billion assets under management. (Big shout out to the team over there that took the baton, executed with remarkable consistency, and grew it into the juggernaut it is today.)

I left Grayscale to join Fidelity as their first digital asset hire, helping them to develop their strategy in the crypto space. I also ran a proprietary crypto fund there as a co-portfolio manager alongside the team that now runs Castle Island Ventures, an early stage VC firm focused on crypto.

My next stop was at Circle where I helped to restructure their business, refocus it around their USDC stablecoin, and relaunch with their payments/treasury platform.

Finally, when I saw Kraken pursuing the SPDI bank, I jumped at the opportunity and went all in, moving along with my family to Wyoming where the bank is based. It’s important infrastructure for Bitcoin and crypto, and is also reshaping traditional banking and financial services.

There is a lot of discussion about regulating cryptocurrencies. What do you find fascinating about bitcoin in this respect and how do you look at regulation of the space?

There’s not just a lot of discussion about regulating, there’s real regulating going on already. I sometimes hear this misunderstanding that crypto is not regulated. It’s regulated in the same way we regulate most financial services and other industries – by regulating the services providers and the actions taken by users. Just look at crypto companies and the licensure/registrations they maintain.

We should want to be especially smart about how we regulate these crypto companies as compared to their more traditional counterparts. There’s a key distinction to consider. In traditional financial services – say banking or brokerage or whatever – end users have no other alternative to access these services. They can’t opt out. If you want to send money across space and time, you need a bank or other financial service provider. Crypto is different. Users can receive, hold, and send their own assets themselves. It may be clunky for some, but they can do it. So there is some level of burden above which users will just not use the key nexus through which regulation is enforced. And the first ones to leave are the “bad guys” you want to be able to oversee.

I’ll also say that crypto provides new tools and abilities. For example, financial institutions can incorporate verifiable proof of reserves or to build other auditable assurances into their operations to ensure they’re solvent and doing what they say they are.

I’m optimistic that we’ll be able to thread the needle on the right regulation in the long term, and just hope we don’t shoot ourselves in the foot nearer term.

What about political and public opinion? How is Bitcoin and crypto currently being viewed and how might that affect its status and regulation?

It’s a good question. Absolutely foundational. After all, law and regulation arise out of policy objectives that take into account certain cost-benefit tradeoffs. Historically, we haven’t been able to have these serious conversations about Bitcoin or crypto here in the US because of some absolutist or ill-informed opinions. 

The most common is that there’s no use case other than speculation or illicit activity, and no reason to make any accommodations within the existing system. I do think that more recently – especially in this macro environment – there’s an increasing appreciation for the benefits that Bitcoin provides as a store of value and in terms of censorship resistance, as well as an openness to the other opportunities crypto could create in the future. There’s also starting to be some recognition that Bitcoin and crypto will continue to operate regardless, and will simply do so outside of the existing financial system if we don’t pave a path for them within it.

Another is that they’re necessarily adversarial to America somehow, or simply incompatible with our laws, regulation, and institutions. But, Bitcoin is as American as apple pie. Its values are exactly the same as American values – free speech, free association, free enterprise, individual liberty, property rights, and so on – all the principles this country was founded on and the engines for growth throughout our history. And either way, the fact is that Bitcoin exists and other countries are getting involved. It’ll be critical that the U.S. maintain a position in this emerging industry to ensure its global competitiveness and national economic security.

What is it about Kraken Bank that makes this a venture worth building? 

I do actually think that this initiative has some symbiotic elements to it, but – and maybe it’s gauche to say these days – we’re building Kraken Bank because it achieves some very clear organizational objectives of ours. 

It provides the business with better legal/regulatory positioning, improved infrastructure and resultant customer experience, and more product/market opportunities. More broadly, it supports Kraken’s mission of promoting crypto adoption to enable more financial freedom, by seamlessly connecting crypto all the way down to the bottom of the financial services stack, which is entirely buttressed by banking. It puts us in a position to help shape the future of banking and it incorporates crypto.

Finally, I’m excited to help develop the ecosystem right here in Wyoming. Banks have always played important roles and re-invested within their communities. Kraken will be no different. We’re not carpetbaggers. We want to be connected to communities where, and with which, we conduct business – and to build something special together. 

Want to help? Kraken and Kraken Bank are actively hiring, with new jobs posted periodically on the company’s careers page.  If you don’t see a role at the bank that’s right for you today, stay tuned for more listings soon!

Thank you David. 

-The Kraken Team

Source: https://blog.kraken.com/post/8049/meet-the-kraken-bank-executive-team-ceo-david-kinitsky/

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Blockchain

Institutional Clients: Get Free Real-Time USD Transfers Through Signature Bank

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Institutional clients at Kraken now have a new way to transfer USD that is free, near-instant and available 24/7. The new funding option is available through our integration with the Signet™ payment platform offered by Signature Bank. 

Fees

  • Deposits: $0
  • Withdrawals: $0

Available currencies

Requirements

  • Kraken Pro business account
  • Account with Signature Bank
  • Both accounts must be under the same name

How to get started  

Note that you must have an account with Signature Bank, so the process is different depending on whether you already have an account or not. Follow the link below for complete instructions and requirements.

Learn more about Signature’s relationship with Kraken and the Signet platform in the Q&A below with Signature CEO Joseph DePaolo. 

Can you talk about your relationship with Kraken? 

We are thrilled to have been working with Kraken for almost three years. Kraken continues to showcase thought leadership and technological innovation in the digital space, which are the critical qualities we look for in a partner. Kraken not only has top security protocols in place for their clients, but also the platform has seen extreme growth recently. I am excited to see what the future holds as the exchange connects to our Bank’s Signet platform and API. 

Can you give a quick overview of the Signet Platform and how it leverages blockchain tech?

Signet is the first proprietary, blockchain-based, digital payments platform that can be integrated directly into client’s businesses and technology systems. Signature Bank launched Signet on January 1, 2019, to enable its commercial clients to make instant and free payments in U.S. dollars. 

Through Signet’s design and features, Signature Bank clients have used Signet’s API to merge their proprietary systems with the Signet platform for full transactional capabilities. These API enhancements allow clients to continue to leverage Signet’s real-time, 24/7/365 benefits and transactions safety and securely. 

Signet’s blockchain technology is largely influenced by Ethereum’s code and allows for the minting of signets, which are tokenized representations of USDs, to instantly send and settle payments between clients. However, rather than operating a public ledger where anyone has access to the transaction history, Signet is a private, closed loop blockchain for use by Signature Bank clients only.

Why did you start a niche for small businesses? What is missing among the “big banks”?

Signature Bank was founded 20 years ago with a mission to provide excellent client service and care to small- and mid-sized businesses, values that we share closely with Kraken. Our private client banking teams serve as a single point of contact to meet all clients’ banking needs – unique when compared to mega-banks where clients are typically parsed out to different departments. This single-point-of-contact approach has become the hallmark of the Signature Bank franchise.

As the Bank grew and diversified, it appointed a Digital Assets private client banking team in January 2018 to serve the rapidly evolving digital asset community. 

Kraken is proud to offer our institutional clients this fast and convenient new funding option. For more information and instructions on how you can enable Signet for your account, visit our support page here.

Source: https://blog.kraken.com/post/8020/institutional-clients-get-free-real-time-usd-transfers-through-signature-bank/

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New to the Street to Feature Global Cannabis Applications Corp in a 12-Part Series for Monthly U.S. Network Television Broadcasts

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New to the Street will be following CEO Brad Moore and his team at Global Cannabis Applications as they introduce Efixii, the only “seed to seed” verification system deployed for cannabis, to cannabis growers worldwide.

The series with anchor-moderator Jane King from NASDAQ will broadcast monthly on Fox Business, Bloomberg, KRON, and on NEWSMAX Sundays at 9:30 AM EST. The first interview broadcasts Saturday on Bloomberg Television at 6:00 PM EST, on NEWSMAX on Sunday at 9:30 AM EST, and on Fox Business on Monday, February 29th at 10:30 PM PST.

“On February 13, 2019 in a press release, members of the EU Parliament stated to ‘take medical use of cannabis seriously.’ Global Cannabis’s blockchain-generated QR code technology representing each step of the cultivation, supply chain and consumer feedback data for every gram of cannabis has made that statement achievable. Our Efixii solution is helping growers, regulators and medical professionals ensure a better outcome for medical cannabis patients,” stated Brad Moore, CEO of Global Cannabis Applications Corp.

In addition to the monthly series, Emerging Growth will be constructing and distributing article content to further inform the general population and investing community on GCAC and their Efixii product rollout.

About Global Cannabis Application Corp
Global Cannabis Applications Corp. is a global leader in designing, developing, SaaS licensing and acquiring innovative data technologies for the medical cannabis industry. The Citizen Green and Efixii platforms are the world’s first end-to-end – from patient to regulator – medical cannabis data solutions. They use six core technologies: mobile applications, artificial intelligence, RegTech, smart databases, Ethereum blockchain and GCAC smart rewards. These technologies transparently disclose cannabis chain-of-custody events, thereby enabling patients to provide crowd-sourced medical cannabis efficacy data. Driven by digital and cannabis industry experts, GCAC is focused on generating revenue from SaaS licensing its technology and acquiring high quality cannabis datasets that improve patient outcomes and to become the world’s largest cannabis efficacy data provider.

About EmergingGrowth.com
Through its evolution, EmergingGrowth.com found a niche in identifying companies that can be overlooked by the markets. They look for strong management, innovation, strategy, execution, and the overall potential for long-term growth. Aside from being a trusted resource for the Emerging Growth info-seekers, they are well known for discovering undervalued companies and bringing them to the attention of the investment community. Through their parent Company, they also have the ability to facilitate road shows to present your products and services to the most influential investment banks in the space.

About FMW Media
FMW Media Corp. operates one of the longest-running U.S and International sponsored programming T.V. brands “New to the Street,” and its blockchain show “Exploring The Block.” Since 2009, these brands run sponsored media formatted shows across three major U.S. Television networks. The TV platforms reach over 540 million homes both in the US and international markets. FMW recently added Newsmax to its broadcasting platform with its first show broadcasted Sunday, December 27th. The NEWSMAX – New to The Street show is syndicated on Sundays 9:30-10 AM EST.

FMW Media Contact:
Bryan Johnson
+1 (631) 766-7462
Bryan@NewToTheStreet.com

SOURCE: https://finance.yahoo.com/news/street-feature-global-cannabis-applications-140000910.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr

Source: https://exploringtheblock.com/new-to-the-street-to-feature-global-cannabis-applications-corp-in-a-12-part-series-for-monthly-u-s-network-television-broadcasts/

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