Burniske & White (2016). Bitcoin: Ringing the Bell for a New Asset Class. ARK Invest & Coinbase.

Available at: Bitcoin: Ringing the Bell for a New Asset Class (2016), Burniske & White.

Chris Burniske, Blockchain Analyst and Products Lead at ARK Invest, and Adam White, Vice President of Business Development & Strategy at Coinbase, in this 2016 research explore the merit of bitcoin as the first cyptocurrency, considering different criteria that is important in the context of major asset classes, these criteria being investability, the politico-economic features, correlation of price movements, and risk-reward profiles.

This is not a technological research paper, as the authors clearly state at the beginning, this is more of an analysis of bitcoin’s behavior in the context of aforementioned criteria commonly applied to other classes of assets, such as equities, bonds, commodities, among others. It is indeed a very ambitious and valuable work of comparison between bitcoin and some of its more relevant asset peers.