Investing in Cryptocurrencies and Digital Assets: A Guide to Understanding Technologies, Business Models, Due Diligence, and Valuation - Hardcover

by Keith H. Black (Author)

A must-read roadmap to analyzing, valuing, and investing in cryptocurrency and other digital assets

In Investing in Cryptocurrencies and Digital Assets: A Guide to Understanding Technologies, Business Models, Due Diligence, and Valuation, alternative investments expert Dr. Keith Black delivers a compelling and straightforward roadmap for analyzing, valuing, and investing in crypto and other digital assets. You'll learn how to buy crypto directly -- and how to keep your new digital assets safe from hacks and fraud -- and how to invest indirectly, using stocks, futures, options, and exchange-traded funds.

You'll also discover how to conduct extensive due diligence to reduce technology and compliance risks, as well as how to understand the business models that underlie and power these novel technologies. The book also offers:

• Accessible discussions of and introductions to blockchain and distributed ledger technology, stablecoins, Bitcoin, Ethereum, and other foundational concepts
• Ways to differentiate between investing in digital assets for the long term and risky, short-term speculation

An essential new playbook for institutional, professional, and retail investors involved with digital assets and cryptocurrency, Investing in Cryptocurrencies and Digital Assets is the comprehensive and up-to-date guide to the sector that you've been waiting for.

Front Jacket

Most cryptocurrencies and digital assets will be worthless in the long run. Despite this, the sector maintains a great deal of potential, promising to create household names worth trillions of dollars in the next decade. How can investors differentiate between those assets that will decline into obscurity and those few that will succeed?

In Investing in Cryptocurrencies and Digital Assets: A Guide to Understanding Technologies, Business Models, Due Diligence, and Valuation, expert trader, academic and investing consultant Keith Black delivers an insightful and practical set of tools to understand blockchain and distributed ledger technologies and their business models. In the book, you'll explore effective valuation models to help evaluate the likelihood of success for various cryptocurrencies and digital assets.

Using the power law commonly employed in venture capital--where a few investments dominate the market capitalization of an investment portfolio--the author examines the current state of the digital asset market and considers how it is likely to unfold over the next several years. He offers numerous examples of digital assets in hedge funds and venture capital portfolios, as well as performance analyses of crypto assets held in stock and bond portfolios.

You'll discover how to buy crypto directly, or invest via derivatives, futures, options, and exchange traded funds. You'll also explore meaningful due diligence techniques and strategies to avoid commonplace technology and compliance risks in the industry.

Perfect for institutional and retail investors interested in alternative and digital assets, Investing in Cryptocurrencies and Digital Assets is a powerful collection of tools and techniques for navigating an increasingly important market.

Back Jacket

A POWERFUL TOOLKIT FOR ANALYZING, VALUING, AND INVESTING IN CRYPTO AND OTHER DIGITAL ASSETS

In Investing in Cryptocurrencies and Digital Assets: A Guide to Understanding Technologies, Business Models, Due Diligence, and Valuation, alternative investments expert Dr. Keith Black delivers a compelling and straightforward roadmap for analyzing, valuing, and investing in crypto and other digital assets. You'll learn how to buy crypto directly ― and how to keep your new digital assets safe from hacks and fraud ― and how to invest indirectly, using stocks, futures, options, and exchange-traded funds.

You'll also discover how to conduct extensive due diligence to reduce technology and compliance risks, as well as how to understand the business models that underlie and power these novel technologies. The book also offers:

• Accessible discussions of and introductions to blockchain and distributed ledger technology, stablecoins, Bitcoin, Ethereum, and other foundational concepts.
• Ways to differentiate between investing in digital assets for the long term and risky, short-term speculation.

An essential new playbook for institutional, professional, and retail investors involved with digital assets and cryptocurrency, Investing in Cryptocurrencies and Digital Assets is the comprehensive and up-to-date guide to the sector that you've been waiting for.

Author Biography

KEITH BLACK, PHD, CFA, CAIA, FDP, CDAA is the Managing Director of Education at RIA Channel, where he creates web-based content on cryptocurrencies and alternative investments. He teaches courses on cryptocurrency investments and investment manager due diligence at the University of Massachusetts.

He previously served as the Managing Director of Content Strategy at the CAIA Association, where he was a co-author of the second, third, and fourth editions of the Level I and II CAIA curriculum. At Ennis Knupp + Associates, Keith advised foundations, endowments and pension funds on their asset allocation and manager selection strategies in hedge funds, commodities, and managed futures. Prior experience includes commodities derivatives trading, stock options research and Cboe floor trading, and building quantitative stock selection models for mutual funds and hedge funds. Dr. Black has served on the faculty at Illinois Institute of Technology.

Dr. Black has written or contributed to over 30 books and refereed journal articles, including The Journal of Wealth Management, The Journal of Trading, and The Journal of Alternative Investments. Dr. Black earned a BA from Whittier College, an MBA from Carnegie Mellon University, and a PhD from the Illinois Institute of Technology.