You wouldn’t count on a standard monetary establishment to provide you with a really optimistic forecast about the way forward for a cryptocurrency or an trustworthy appraisal of its design. However Bayern LB, a lender primarily based within the wealthy German province of Bavaria, has stunned the crypto group. In a just lately printed analysis paper, the financial institution asks a relatively rhetorical query: “Is Bitcoin outshining gold?” and predicts a tenfold improve in BTC’s value by the spring, when the subsequent bitcoin block reward halving takes place.
Additionally learn: Bankers Begin to Acknowledge Bitcoin’s Position in Monetary Evolution
Measuring the ‘Hardness’ of a Crypto Asset
Evaluating the primary cryptocurrency with the oldest valuable steel, the report titled “Megatrend Digitalisation” focuses on the commodity-market evaluation, and specifically the stock-to-flow strategy which serves to measure the “hardness” of an asset. “Utilized to…