Modern Paradox: As Large As Goldman Sachs But Has No Intrinsic Value

Aibek Burabayev - INO.com Contributor - Metals


The Riddle

This riddle could be paraphrased as “It is almost worth the gold reserves of France (World #5), it is what all want now at the price of 2016, you would be eager to have it as a gift last Christmas, it stands at 14 GDPs of Kyrgyz Republic (my motherland)”. Yes, you got it right, it’s a Bitcoin - notorious, attractive and, of course, risky.

Last week the market cap of this coin hit an all-time high at the 99+ billion dollars increasing ten times from what it was just a year ago.

Chart 1. 1-year dynamics of Market Cap of Bitcoin in USD

Dynamics of Market Cap of Bitcoin in USD
Chart courtesy of blockchain.info
Continue reading "Modern Paradox: As Large As Goldman Sachs But Has No Intrinsic Value"

Which Asset Is A Top Gainer? Silver? Bitcoin? Try again!

Aibek Burabayev - INO.com Contributor - Metals


At the start of this year, I wrote about Bitcoin and its unrivaled blast-off dynamics compared to conventional assets for the Y2015. Of course, the main reason for this was the effect of the 'start-up.' In other words, if we get something useful and demanded out of 'nothing' or better say virtually it surely will show you the rocket dynamics on the chart.

Digitalization is in a full-scale offensive with the smart things coming more and more in our life. The word 'SMART' at the beginning of something new and technologically advanced from SMARTphones to SMART contracts is now a common thing.

Technology moves at a terrific speed these days and what was at the avant-garde of it a few years ago was Bitcoin; now it could be deemed as traditional or outdated. Today I would like to show you a brand new star of the market, which is called 'Ether.' Continue reading "Which Asset Is A Top Gainer? Silver? Bitcoin? Try again!"