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 […]
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 […]
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 […]
Becoming Blockchain Educated in 4 Simple Ways
Many people hear the word ‘blockchain’ and think of it as nothing more than a buzzword. Most have heard of it, but significantly less have an idea about what blockchain is. Misuse of the word also adds to the confusion, with some start-ups unduly adding the word ‘blockchain’ into their company mission statement and to […]