By Matthew Sigel, Head of Digital Assets Research
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We recently hosted a webinar on the bull and bear case for Ethereum and were pleased to welcome over 500 signups.
The slides for the presentation can be found here, along with the answers to a few of the most pressing questions we didn’t have time to address on the call.
Can you explain what a digital currency is actually backed with as there are no assets within a digital currency? Isn’t it really just a Ponzi scheme facilitated by the greater fool theory?
Cryptoassets are, and we quote the Bank for International Settlements’ (BIS’) most recent consultative document1 on the topic, “private digital assets that depend primarily on cryptography and distributed ledger or similar technology.” So the world’s central bankers agree they are assets. We can start there.