Cryptocurrency: 5 Things to Know About the Crypto Universe

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The crypto universe saw massive growth in 2021 with greater adoption, a record-breaking IPO, breakthroughs, and an expanding universe of tokens.

5 Things to Know About Cryptocurrency

With so much happening in the space, a cryptocurrency framework is emerging. The categorization is aiming to help investors organize the data and make more informed decisions.

Matthew Sigel, Head of Digital Assets Research, at VanEck, sat down with Action Alerts Plus Portfolio co-manager, Bob Lang, to discuss the crypto universe and the crypto categorization schemes that include: store of value, the Metaverse, DeFi, infrastructure applications , smart contracts, and more, in a free webinar brought to you by VanEck.

WATCH: Beyond Bitcoin and Metaverse: Crypto Categories Investors Should Know – FREE Webinar

Editor’s Note: The webinar was recorded on January 28, 2021.

Panelist Bio’s | Matthew Sigel, Vaneck & Bob Lang, Action Alerts PLUSVideo Transcript Below

Matthew Sigel: There are more cryptocurrencies than stocks in the US right now. Investors don’t have a comprehensive framework for understanding the drivers within that cryptocurrency market without this type of categorization framework that we’ve developed.

As activity grows, there are always opportunities for technological mistakes and hacking. We’re optimistic that increased analytics and tools in the industry are helping regulators and exchanges better monitor the flow of funds in the industry.

The cryptocurrency industry is now $1.6 trillion roughly. Of that, bitcoin is about $700 billion. Bitcoin’s high energy use is more of a feature than a bug, but it does merit its own category. Its fixed supply, making bitcoin really the only fungible asset in the world that doesn’t respond to higher demand with higher supply.

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Editor’s Note: TheStreet’s Justin Ho produced this video.

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