Getting the Blockchain Blues

I spent the first part of this week attending CoinDesk’s Consensus 2016 blockchain conference in Midtown Manhattan. It was a great event with good content and a huge audience. However, now I’m having a post-blockchain crash. (It’s like the crash after a sugar high, but more forgiving on the teeth and waistline.) Yes, blockchain will change…

CAT Numbers are Out of Whack

After four years of waiting for the self-regulatory organizations to submit their plan for the Consolidated Audit Trail, the Securities and Exchange Commission unanimously approved to release it for comment. In the next few days, the plan will appear in the Federal Register and the SEC will have 180 days from then to select a…

Rethinking Institutional Bitcoin Investments

I might have been hasty in my last post regarding being bearish on institutional investments in bitcoins. After interviewing Pantera Capital CEO Dan Morehead for Trader Magazine’s current cover story, I refined my views a bit. Buy-and-hold asset managers will still find investing in the digital currency directly difficult. The bitcoin market remains relatively small, highly fragmented,…

Institutionally Bearish on Bitcoins

The more research that I dig up for an upcoming feature on institutional investors and bitcoins, the more I believe that it will be a few more years before asset managers are able to profit from digital-currency investments. This has nothing to do with the maturity of the bitcoin infrastructure, which is fine and only needs…