Warning: session_start(): open(/tmp/sess_2d3c7de67fcfd7476c71e6588f57841d, O_RDWR) failed: Disk quota exceeded (122) in /home/customer/www/thefuturecoin.com/public_html/wp-content/plugins/jnews-social-login/class.jnews-social-login.php on line 83

Warning: session_start(): Failed to read session data: files (path: /tmp) in /home/customer/www/thefuturecoin.com/public_html/wp-content/plugins/jnews-social-login/class.jnews-social-login.php on line 83

Warning: Cannot modify header information - headers already sent by (output started at /home/customer/www/thefuturecoin.com/public_html/wp-content/plugins/jnews-social-login/class.jnews-social-login.php:83) in /home/customer/www/thefuturecoin.com/public_html/wp-content/plugins/jnews-weather/class.jnews-weather.php on line 70
If Blockchain gathers pace, investing in Ethereum is something to consider – The Future Coin
The Future Coin

Bitcoin

$62,594.76

BTC 0.56%

Ethereum

$2,448.63

ETH 5.08%

XRP

$1.74

XRP 3.32%

Litecoin

$276.87

LTC 5.09%

EOS

$7.68

EOS 5.08%

  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • Blockchain News
    • Business News
    • Technology News
    • Policy & Regulations
  • Markets
    • Market News
    • Market Analysis
    • Price Indexes
    • Top Cryptocurrencies
    • Heatmap
  • Opinion
  • Cryptopedia
    • Explained
    • Bitcoin101
    • Ethereum101
    • Bitcoin Cash101
    • ICO101
    • Ripple101
  • Press Releases
No Result
View All Result
The Future Coin
No Result
View All Result
Home Ethereum News

If Blockchain gathers pace, investing in Ethereum is something to consider

by The Future Coin
August 15, 2020
in Ethereum News
0
If Blockchain gathers pace, investing in Ethereum is something to consider
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

By Edward West Time of article published10h ago

Share this article:

CAPE TOWN – It is premature for cryptocurrencies to form part of individual investment portfolios, but the biggest, Bitcoin, could be viable as a store of wealth asset, while there might be significant investment opportunity in Ethereum cryptocurrency over a decade.

This was according to Old Mutual Investments director of investments Hywel George, who said in a recent webinar that if the much anticipated Blockchain revolution gathered pace as anticipated, investing in Ethereum was something to be considered.

George said the World Economic Forum had predicted that within five years, up to 10 percent of the global gross domestic product would be invested and transacted on a Blockchain platform.

At present, the majority of Blockchain projects were being implemented on Ethereum, the second-largest cryptocurrency platform after Bitcoin. George cautioned investors that because it was relatively early days for cryptocurrencies as an investment asset class, “unless you really get into it, then you can make it happen”.

He said while there are more than 1 600 cryptocurrencies, it was still a difficult asset class to invest into, involving, for instance, doing a direct transaction on a Bitcoin exchange and transferring cash to receive Bitcoin.

There were no exchange-traded funds, futures market was “small”, and there were few investment trusts invested into cryptocurrencies.

He said Bitcoin derived its store of value property from the fact that only 21 million Bitcoins would ever be issued, which at Bitcoin mining rates, was likely to be reached by 2140, although the evolution of quantum computing might shorten that time period.

To provide an indication of the market capitalisation of Bitcoin, the current global market capitalisation of gold was around $10 trillion, global equities $80 trillion, government debts were at $160 trillion, while that of Bitcoin was $200 billion, which was about the market capitalisation of Tesla, or one sixth of the market capitalisation of Apple.

George said Ethereum offered a first mover investment advantage for any form of smart transaction development using blockchain as a platform, over the longer term. This could involve, for instance, share certificate storage, electronic voting, robo investing, and applications for making fractional investing and fractional ownership easy, potentially making stock exchanges unnecessary. He said governments and central banks were afraid of cryptocurrencies, because they could potentially lose control of money supply, but George said some “arrangement” would eventually be found for this. Luno, South Africa’s largest cryptocurrency exchange, released a report outlining crypto movements during the first half of 2020.

This year began with optimism for Bitcoin, according to Luno, and this carried into February, with the Bitcoin price hitting a high for the year-to-date of $10 500, said Luno GM for Africa Marius Reitz. However, Covid-19’s effect on markets offset all the growth seen prior to March – the price almost halved in that month.

“We’ve bounced back since then, though. Bitcoin is around $10 700 now and has outperformed both the S&P 500 and Nasdaq, even after the brutal crash,” said Reitz.

BUSINESS REPORT



Source link

EDITOR’S CHOICE

Ethereum Could Reduce Fees With Batch Transactions

Ethereum Rival Polkadot Futures Suffer 99% Flash Crash—Forcing Binance To Enact Fresh Controls

Global Crypto Investment Fund FD7 Ventures to Sell $750M USD Worth of Bitcoin to Increase Cardano and Polkadot Holdings

Coinbase Files for Direct Public Listing With SEC – Cryptocurrency Regulation

Tanla to take Blockchain platform Trubloq abroad

From mail-in ballots to business as usual, Vermont municipalities prepare for Town Meeting

Best Pick For You

News

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business News
  • Ethereum News
  • Litecoin News
  • Ripple News

Features

  • Market Analysis
  • Opinion
  • Explained
  • Policy & Regulations
  • Top Cryptocurrencies
  • Technology News

Market Tools

  • Market News
  • Price Indexes
  • Bitcoin Price Index
  • Ethereum Price Index
  • Bitcoin Cash Price Index
  • Litecoin Price Index
  • Monero Price Index
  • HeatmapPartner

Cryptopedia

  • Explained
  • Bitcoin101
  • Bitcoin Cash101
  • Ethereum101
  • ICO101
  • Ripple101

© 2020 Coingraph

No Result
View All Result
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • Blockchain News
    • Business News
    • Technology News
    • Policy & Regulations
  • Markets
    • Market News
    • Market Analysis
    • Price Indexes
    • Top Cryptocurrencies
    • Heatmap
  • Opinion
  • Cryptopedia
    • Explained
    • Bitcoin101
    • Ethereum101
    • Bitcoin Cash101
    • ICO101
    • Ripple101
  • Press Releases

© 2020 Coingraph

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
bitcoin
Bitcoin (BTC) $ 63,069.00
ethereum
Ethereum (ETH) $ 2,476.52
binance-coin
Binance Coin (BNB) $ 554.27
xrp
XRP (XRP) $ 1.74
cardano
Cardano (ADA) $ 1.48
tether
Tether (USDT) $ 1.00
polkadot
Polkadot (DOT) $ 43.26
uniswap
Uniswap (UNI) $ 39.04
litecoin
Litecoin (LTC) $ 282.68
chainlink
Chainlink (LINK) $ 43.95
dogecoin
Dogecoin (DOGE) $ 0.133873
bitcoin-cash
Bitcoin Cash (BCH) $ 850.69
stellar
Stellar (XLM) $ 0.633620
theta-token
Theta Network (THETA) $ 12.32
vechain
VeChain (VET) $ 0.186818
usd-coin
USD Coin (USDC) $ 1.00
filecoin
Filecoin (FIL) $ 172.03
tron
TRON (TRX) $ 0.161229
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 62,906.00
eos
EOS (EOS) $ 7.84
solana
Solana (SOL) $ 27.45
klay-token
Klaytn (KLAY) $ 2.81
bitcoin-sv
Bitcoin SV (BSV) $ 356.90
cosmos
Cosmos (ATOM) $ 27.33
crypto-com-chain
Crypto.com Coin (CRO) $ 0.254273
terra-luna
Terra (LUNA) $ 16.56
monero
Monero (XMR) $ 343.49
compound-ether
cETH (CETH) $ 49.55
iota
IOTA (MIOTA) $ 2.14
aave
Aave (AAVE) $ 470.69
bittorrent-2
BitTorrent (BTT) $ 0.008912
okb
OKB (OKB) $ 20.86
binance-usd
Binance USD (BUSD) $ 1.00
tezos
Tezos (XTZ) $ 6.81
neo
NEO (NEO) $ 71.05
ftx-token
FTX Token (FTT) $ 56.36
avalanche-2
Avalanche (AVAX) $ 37.28
algorand
Algorand (ALGO) $ 1.54
kusama
Kusama (KSM) $ 471.84
nem
NEM (XEM) $ 0.432771
compound-usd-coin
cUSDC (CUSDC) $ 0.021957
elrond-erd-2
Elrond (EGLD) $ 227.86
huobi-token
Huobi Token (HT) $ 21.22
pancakeswap-token
PancakeSwap (CAKE) $ 24.27
holotoken
Holo (HOT) $ 0.020399
cdai
cDAI (CDAI) $ 0.021418
thorchain
THORChain (RUNE) $ 14.55
maker
Maker (MKR) $ 3,754.45
havven
Synthetix Network Token (SNX) $ 21.70
dash
Dash (DASH) $ 322.19