• 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 […]

  • Cryptocurrencies and the Sharpe Ratio of Traditional Investment Models

    Just over a year ago, Deutsche Digital Assets published a report analyzing the impact of cryptocurrencies on the performance of traditional portfolios. Our report concluded that a small, rebalancing allocation to cryptocurrencies has a significant impact on the Sharpe ratio of all the portfolios investigated. We have updated our analysis to determine whether an allocation […]