The Emperor's new cryptocurrencies - and gold

BLOCKCHAIN technology may create opportunities for new commodity-related digital financial assets – most obviously linked to gold.

The Emperor's new cryptocurrencies - and gold The Emperor's new cryptocurrencies - and gold The Emperor's new cryptocurrencies - and gold The Emperor's new cryptocurrencies - and gold The Emperor's new cryptocurrencies - and gold

Digital assets are attracting market interest like never before – with Augur, Bitcoin, Cardano, Dash, Ethereum, Ethereum Classic, Litecoin, Monero, Ripple and Steem1 all enjoying a stellar 2017.

The surge in cryptocurrency prices has drawn parallels with the dot.com craze of the late 1990s - and even the Dutch tulip mania of the 1630s. Like cryptocurrencies now, there were certainly many dot.coms to choose from twenty years ago – and many tulip bulbs to choose from ~400 years ago too2.

The exponential rise in interest around digital assets also has parallels with the South Sea Bubble of 1720.  The South Sea Company used the lure of gold and silver from the supposedly inexhaustible mines of Mexico ...