From the rise of cryptocurrency DogeCoin and non-fungible tokens to Reddit members beating hedge fund managers at their own game, 2021 has been an eventful year in the world of retail investing. And while institutional investors might not be betting big on Gamestop Corp. or Elon Musk’s latest cryptocurrency tweet, some have inched closer to […]
Almost 16 months since the global coronavirus pandemic was first declared, there’s now yet another thing for institutional investors to worry about — the possibility of inflation. Lately, much has been made of the potential for inflation to emerge given sustained low interest rates and the large deficits that many governments have incurred due to […]
If you needed any evidence that cryptocurrency investments are having a mainstream moment, look no further than last weekend’s episode of Saturday Night Live. In the week leading up to Tesla co-founder and cryptocurrency enthusiast Elon Musk’s May 8 appearance as host of the long-running comedy sketch show, Dogecoin hit an all-time high of around US$0.73, […]
Coinbase made a rousing debut on Wall Street last week, with shares of the digital currency exchange rising as high as US$429, briefly giving it a market value over $100 billion. Coinbase Global Inc.’s initial public offering happened with cryptocurrency chatter seemingly everywhere, even at the U.S. Federal Reserve. Digital currencies are being incorporated into business plans […]
The vast majority (85 per cent) of institutional investors that already engage with Bitcoin plan to increase their investment in the cryptocurrency over the next two years, according to a survey commissioned by Nickel Digital Asset Management. Additionally between now and 2023, 72 per cent of those surveyed said they expect professional investors in general […]
The term cryptocurrency may evoke a number of different images, from lightning-fast computers fuelling get-rich-quick schemes to shady rooms where hackers plot multi-million dollar digital heists. And while there may be some truth to those perceptions, cryptocurrency is a growing sector that many institutional investors are eyeing with increasing interest. Indeed, in mid-December 2020 Bitcoin’s […]
As far back as the beginning of civilization, centralized ledgers have been the answer to solving trust issues, said Michael Casey, chief content officer at CoinDesk, in a keynote presentation during the Canadian Investment Review’s Investment Innovation Conference in November. The first form of writing ever recorded was a ledger on a Sumerian tablet dating […]
Pandemic-related shifts in how people shop, sending more people into cyberspace than a physical space, means central banks must speed up work on creating their own digital currencies, says a top Bank of Canada official. The coronavirus has meant more people are shopping online, and foot traffic for brick-and-mortar storefronts hasn’t caught up to pre-pandemic […]
As crypto currency gains further traction in the global marketplace, do institutional investors have a fiduciary responsibility to examine its potential? Perhaps the answer lies in Bitcoin’s performance relative to other, more traditional asset classes, suggested Elisabeth Préfontaine, founder of Octonomics, at an event hosted by the Global Risk Institute in Toronto on Wednesday. “When […]
Institutional investors appear to be making some tentative forays into the world of cryptocurrencies. A research note published by investment firm Cambridge Associates said it may be time for institutional investors to begin exploring and familiarizing themselves with the asset class, stating, “we see an industry that’s developing, not faltering.” As well, a survey of institutional investors […]