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Most cryptocurrencies have seen a massive loss in the last few days. What has led to this? Erste AM Chief Analyst and Crypto Asset Specialist Harald Egger explains what is behind the cryptocurrency crash.
Article on tag "bitcoin"
What is behind the skyrocketing performance of Bitcoin?
Bitcoin has achieved an average performance of 142% p.a. in the past five years. Some criticise the high level of volatility but forget about the potential. Many wonder whether, after the dramatic increase, one could still enter the market or whether that ship has sailed. In the following article Crypto Asset Specialist Harald Egger discusses the reasons that have led to the rally of Bitcoin in recent months.
Tokens and coins: how cryptocurrencies differ from each other
According to industry sources, all of the Cryptocurrencies combined recently hit the $ 1,000Billion. Our Senior Research Analyst Harald Egger goes into the individual coins and tokens that are currently in circulation.
Disastrous environmental balance of Bitcoin
The entire Bitcoin network already requires more energy than Peru or Hong Kong, or almost half of Austria’s power supply. Such a development is clearly at odds with achieving the goals of the Paris Climate Agreement, i.e. to curb global warming to below 2 degrees.
Market Monitor: risky markets have come far
Earlier this week, we convened the last Investment Committee of 2017. The general risk appetite of the team has not changed vis-à-vis the previous month (from 78.85 percent to 79 percent on our 0 – 100 percent scale). The team continues to see the future optimistically, with a resulting “risk on” stance.
Market Monitor: Optimism on the rise
This week we held our monthly Investment Committee meeting. Although only little has changed with regard to the overall economic picture, we were having a few interesting discussions that we would now like to share with you.