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Digital assets saw incredible gains towards the end of 2020 and in early 2021. Although the price will likely see a natural retracement, we look at the macro, the technicals, and the maturity of the assets, and see incredible synergistic forces.

Author: Thomas Kuhn, CFA

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Recent interest in the assets saw the market cap of Bitcoin reach $500 billion USD, then the market capitalisation of the cryptocurrency (digital asset) asset class reached $1 trillion USD. More recently, Bitcoin is approaching the $1 trillion USD mark with almost $1.5 trillion USD market cap for the asset class.

Although there is obviously room for price correction, given the extraordinary bullishness of relentless bidding into digital assets in late 2020 and early 2021, we discuss reasons why we don't think that this volatility will print a multi-year high, as it did in 2017/2018.

Our thesis here is that the extraordinary interest in digital assets in late 2020 and early 2021 has significant, fundamental factors that begin with the broader environment of global macro investing conditions, is supported by recent trends in global investment decisions, and that the digital asset sector has matured so that it is ready for institutional interest.


ARX Editorial Team

Senior Director: Scott Lee
Project Manager: Natalie Yiu
Coordinator: Christy Leung

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