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Bitcoin's introduction as the first cryptoasset in 2009 ushered in
a new era, generating much interest, excitement, and growth. A
cryptoasset is a digital asset using blockchain technology to
regulate the generation of new units and verify and secure
transactions. Besides cryptocurrencies, other major cryptoassets
are security tokens and utility tokens. Cryptoassets are attractive
to investors because of potentially high returns and
diversification benefits. However, investors entering this market
face substantial challenges like the low quality of information,
high price volatility, a lack of academically defensible valuation
models, and regulatory uncertainty. This book spans the gamut from
theoretical to practical while offering the right balance of
detailed and user-friendly coverage. It consists of five parts: (1)
the cryptoasset landscape, (2) types of cryptoassets, (3)
cryptoassets as investment opportunities, (4) trading, reporting,
and technical aspects, and (5) other cryptoasset issues. The book
skillfully blends scholars' and practitioners' contributions into a
single review of critical topics and issues about cryptoassets. The
contributors' varied backgrounds ensure different perspectives and
a rich interplay of ideas. The book reflects the latest research
and offers a guide to understanding cryptoassets and their role in
investment portfolios.
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