• ESG Aspects of Cryptoassets

    This report on ESG Aspects of Cryptoassets aims to address the prevailing misconceptions surrounding the energy consumption associated with Bitcoin mining. It highlights that Bitcoin’s absolute energy consumption is actually lower than that of traditional monetary and payment systems it seeks to disrupt. Comparatively, both gold mining and the legacy financial system consume a greater…

  • Cryptoasset Adoption and Volatility

    This report on Cryptoasset Adoption and Volatility examines the global adoption rates of cryptoassets, highlighting key trends and factors that contribute to their growth. Developing countries lead the way in adoption rates, with male millennials around the age of 35 being the most likely cryptoasset owners. Factors such as inflation and money supply growth have…

  • Cryptoassets in The New Inflation Regime: Is Bitcoin an inflation hedge?

    This report analyzes the question whether cryptoassets and in particular Bitcoin can serve as an inflation hedge within multiasset portfolios. Although inflation dynamics will likely continue to decline throughout the next year, we provide evidence that high inflation rates will be the “new normal” in the medium to long term. Amongst other things, the study shows that…

  • Cryptoassets and the Macroeconomy: Can macro factors explain the price of Bitcoin?

    Which macro variables have recently been influencing the price of Bitcoin is a topic of continuing discussion in the cryptoasset community. Some contend that Bitcoin is just another “risk-on” trade like any other and that its value has a strong correlation with equity prices. There is some truth to that, as Bitcoin is currently still…

  • Analyzing the Primary Value Drivers of Leading Cryptocurrencies

    To gain a deeper understanding of the primary value drivers of leading cryptocurrencies, Deutsche Digital Assets and Cryptology AG present a study on the 25 leading cryptocurrencies such as Bitcoin, Ethereum and XRP, and their underlying valu drivers. The report conclusively shows that the value drivers of leading cryptocurrencies differ based on their underlying structure…

  • How Effective are Common Investment Strategies with Bitcoin?

    To gain a deeper understanding of how effective common investment strategies are when applied to Bitcoin, Deutsche Digital Assets commissioned an empirical research report. The report was written by Philipp Rosenbach and Robert Richter, a research fellow at Frankfurt School Blockchain Center. Research partners included Enigma Securities and BTC-Echo. The “How effective are common investment…