NFTs have taken the world by storm in the past 18 months, potentially unleashing a social movement in digital identity and community. As a macro specialist, non-fungible tokens (similar to collectibles) do not get me particularly excited because they don’t suit my analysis framework. I like to look at monetary, social and economic trends and … More NFTs: Pioneering digital identity or leading us astray?
From the outside digital assets may look like a volcano of hair-raising volatility chaotically bursting from the earth’s surface. But below that surface there are various sources of digital asset returns. In this article I define those sources and provide the models to assess the opportunity set. TLDR: Bitcoin remains the key source of digital … More Digital Asset Return Sources