iAngels Decodes Blockchain and Cryptocurrencies
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Blockchain enables the exchange of value in real-time for free through a shared digital ledger. It works by automatically verifying rules and executing agreed terms through smart contracts. This transitions processes from opaque to transparent and efficient by disintermediating intermediaries, establishing audit trails, and reducing costs. Cryptocurrencies have surpassed early VC funding for blockchain startups. While adoption is still low, there is significant upside potential as anything could exchange value anywhere through blockchain in 5-10 years. Crypto assets provide diversification as they have low correlation to traditional assets and higher returns.
iAngels Decodes Blockchain and Cryptocurrencies
- 1. Decoding Blockchain & Cryptocurrencies By Shelly Hod Moyal @iAngelsCrowd www.iangels.co
- 2. | 2 Introducing iAngels Based in Tel Aviv, the capital of The Startup Nation $100m AUM Traditional and Crypto portfolio management
- 3. | Every decade or so, an opportunity to create massive wealth presents itself
- 4. | Tokenization is transforming money and equity Blockchain enables the internet of value 4 3000 B.C. Commodity Currency Until 1971 Representative Currency As of 1971 Fiat Currency 2009 Digital Currency 2016 Digital Equity
- 5. | What is Blockchain? A shared immutable digital ledger allowing people to exchange value in real-time for free
- 7. | Why is it so significant? Trustful = Trustless 7
- 8. | Automatically verifies rules and then executes the agreed terms What is a smart contract? Software that stores rules for negotiating the terms of a contract
- 9. | Transition from blackbox to transparency and efficiency Disintermediation Challenging information silos Establishing audit trails Challenging rating agencies Reducing regulatory compliance costs Reducing counterparty risk Banks are obvious beneficiaries 9
- 10. | Smart contracts have opened doors for applications across industries 10Source: Frost & Sullivan (2017)
- 11. | In 5 to 10 years, anything should be able to exchange value with anything, anywhere, anytime.
- 12. | How can investors make money?
- 13. | How Blockchain compares to the internet in terms of value 13 ValueCaptured Application Layer The Web Protocol Layer Application Layer Blockchain Protocol Layer
- 14. | Tokenization is the next wave of equity crowdfunding Community = What is an ICO? 14 Pre-announcement Offering PR Campaign Crowd-sale Trading on Exchanges FundingProcess NetworkEffects Network Owners Network Users
- 15. | 0 200 400 600 800 1000 1200 1400 1600 1800 2014 2015 2016 2017 inmmUSD 0 200 400 600 800 1000 1200 1400 1600 1800 201720162015201420132012 InmmUSD Cumulated ICO Funding Cumulated VC Funding Token sales have overtaken early-stage VC in Blockchain startups 15
- 16. | A lot of uncertainty and volatility ahead 0 20 40 60 80 100 120 140 160 180 Billions Altcoin Market Cap Bitcoin Market Cap Source: data retrieved from coinmarketcap 16 Cryptocurrencies by Market Cap
- 17. | UserAdoption Time Laggards Innovators Early Adopters Early Majority Late Majority Adoption of blockchain is still very low There is also a lot of upside 17 2017
- 18. | 18 Crypto-assets are a good hedge for investment portfolios Why Invest in Crypto-Assets? Lack of correlation with traditional assets Higher absolute returns Higher risk-adjusted returns Insignificant correlation among leading crypto-assets
- 19. | 0.0% 0.0% 0.0% 0.1% 0.4% 0.4% 0.5% 0.7% 0.8% 1.1% Stoxx Gold S&P 500 Nasdaq Bitcoin Litecoin Ripple Dash Ethereum NEM 19 Daily Expected Returns (Last 2 Years) Cryptocurrencies
- 20. | How to value a crypto asset Investment Process Blockchain-Fit Team Community & Supporters MarketTechnology Valuation & Asset Pricing Business Model Security 20
- 21. THANK YOU Feel free to share your comments and thoughts with Shelly@iangels.co
Editor's Notes
- #17: Still a lot of uncertainty and volatility ahead Volatility Fraud Bubble Concentrated position of whales These raise regulatory concerns around consumer protection, tax, market stability There are also attempts to self regulate