Cryptocurrencies

As a CFA Charterholder and a product of the “old school” of fundamental investing, it has been a difficult journey for me to finally accept the notion of digital currency with no backing (credit or otherwise) or a physical coin or bill. Is it therefore actually a “currency”? Unclear. CFA Institute calls these “Cryptoassets”. In any case, when the concept was first introduced to me over five years ago, my first thought was “the U.S. government may not view this favorably”. So, I started my research by finding out if there was any official coverage from the U.S. government on cryptocurrencies. In fact, there is. The Federal Trade Commission has some basic information for a baseline understanding of what we mean by Cryptocurrency 1. The following summarizes some of the key points from the FTC.