This 3-hour course provides a comprehensive overview of the economic and technological environment surrounding the emergence of cryptocurrencies. The course will go on to explore the various ways to analyze bitcoins and ICOs.
Target Audience
- Covered persons working in private banks
- Wealth advisers
- Financial professionals in the banking and financial services industry
Course Objectives
- Understanding what is cryptocurrency technology stack and where blockchain, cryptocurrencies and ICOs fit in the stack
- Understand the most important cryptocurrencies in existence and how they work
- Understand how to analyze cryptocurrencies fundamentally
- Know the various frameworks being utilized by the professionals to understand the “valuation” of cryptocurrencies
- Understand how ICOs work and their “investibility”
Course Outline
Cryptocurrency Technology Stack
- The Blockchain
- Private vs. Public Blockchains
- The Protocol Layer
- The Tokens
- The Application Layer
- Token Sale and ICO
Cryptocurrencies
- The Top 10
- Digital Siblings
- Eldest: Bitcoin
- Other Siblings: Altcoins
- Litecoin
- Ripple
- Ethereum
“Fundamental Analysis” of Cryptocurrencies
- RIMD
- Reasons or Existence (R)
- Issuance Model (I)
- Miners (M)
- Developers (D)
“Valuation Frameworks” for Cryptocurrencies
- Framework 1: Utility and Speculative Value
- Framework 2: As a Technology/Network
- Framework 3: Using Hash Rate
- Portfolio Optimization
- Would Bitcoin Appeal to Investors?
Initial Coin Offering (ICO)
- How is Money Raised?
- Where are the New Tokens Stored?
- ICO vs. IPO
- Steps to an ICO
- Analyzing Companies Running ICOs
- Risks of ICOs