THELOGICALINDIAN - Kraken aloft 10 agenda assetexchange by aggregate has afresh partnered with The Economist in an accomplishment to accommodate an acknowledgment to one of the best frequently asked catechism in thecryptocurrency advance amplitude Bitcoin Ether or both
$1 Million into Bitcoin? Ether? or Both?
A competition was created and the afterward catechism was put advanced to thirteen accommodating teams from assorted MBA (Master of Business Administration) programs about the world:
The teams were appropriate to put advanced an analytic cardboard and a 5 minute video announcement their accommodation and answer the argumentation abaft it. The participants advised abstruse differences, governance, association values, amid added key factors to ability a complete advance action that can actualize abiding accumulation based on their analysis.
Although the catechism is appealing straightforward, the acknowledgment is not. Bitcoin is currently advanced of Ethereum in development and bazaar cap. Ethereum, however, has become acutely accepted in contempo months and has apparent a 840% increase in amount back aftermost year.
Although there are currently limitations in both networks, Bitcoin’s everlasting block admeasurement issue does not assume so austere back compared with the contempo problems that Ethereum has been ambidextrous with. From The DAO drudge and subsequent forks, to the DoS attacks and the best contempo adventitious fork, Ethereum has gone through some asperous patches over the aftermost few months. Nevertheless, Ethereum still holds abundant abeyant in its appearance and the development aggregation is now attractive advanced to the absolution of Metropolis, the third date of the Ethereum project.
Bitcoin Favored as Long-Term Investment
The approaching seems blurred for both cryptocurrencies. However, the submissions were composed of Bitcoin-dominant portfolios, with alone three of the thirteen proposals benign Ether as a continued appellation investment. Alone one of the teams absitively to put all their chips on Ether, as the majority candidates all acclimatized on a adapted portfolio.
The Ivey Business academy at the Western University absitively not to accomplish the academic advance at all, deeming both cryptocurrencies not adapted as an advance asset class, though acknowledging the confusing amount in their basal technology, the blockchain. The aggregation cited abridgement of aegis and regulations, adversity in assessing their built-in values, and ambiguity apropos their chain as some of the capital risks associated with cryptocurrency investment.
The results for the competition were appear on the Kraken barter blog yesterday:
1st Place – Tulane University, Freeman School of Business (67% bitcoin / 33% ether)
2nd abode – Ryerson University, Ted Rogers School of Management (69% bitcoin / 31% ether)
3rd abode – BYU Marriott School of Management (78% bitcoin / 22% ether)
All three of these submissions presented a abundant case for their strategy, authoritative a distinct assay on bazaar figures, acceptance and abstruse aspects of the platforms, amid added factors.
Although all of the acceptable portfolios were comprised of a Bitcoin-dominant strategy, the jury’s accommodation was based, not on what Kraken may accede to be the acceptable advance strategy, but rather on the argumentation and accomplishment that was put into answer why these strategies are optimal for acquiescent abiding returns
Through this contest, Kraken may accept provided some high-level guidelines for abeyant investors attractive to accomplish their way into the cryptocurrency market, accouterment abundant abstraction actual for their audience to draw advice from.
What about you? How would you advance your $1M? Bitcoin, Ether or both?
Images address of shutterstock, blog.kraken.com, cems.org, coinmarketcap.com
