In 2016 the value of bitcoin increased 122%, from $432 to $960 per unit. By comparison, for 2016, the S&P 500 total return was approximately 12%.
The digital revolution and the popularity of bitcoin have made it clear that digital assets are a noteworthy candidate for alternative asset investing. We recently partnered with Global Economics Group to evaluate bitcoin across three dimensions: 1) fundamental market metrics, 2) through the lens of portfolio theory, and 3) an economic analysis of a digital asset’s response to events that cause global financial market uncertainty. Only the future will tell of bitcoin's ultimate success, but our analysis shows that the future of money is digital – and bitcoin is the first early success of that broad, world-changing vision.