Audentes fortuna iuvat. (Fortune favors the bold.)
—Virgil
Let us change perspective and look at cryptoassets from a financial portfolio management point of view. This chapter introduces the basics of portfolio management to assess the financial characteristics of cryptoassets. As the analysis shows, cryptoassets have been the most financially attractive investment of the last decade, even risk-adjusted, and could remain so for the upcoming one.
Price Fluctuations
While fundamentals define the economic value ...