Investorideas.com - New #CryptoCurrency Index Tracks Booming Crypto Currency Marketplace
Investorideas.com - New #CryptoCurrency Index Tracks Booming Crypto Currency Marketplace
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Freely Available Index is the Benchmark for Crypto Currency Investors
ZUG, Switzerland - October 16, 2017 (Investorideas.com newswire) In the "Crypto Valley" of Zug, the world's capital of crypto currencies and blockchain, the Crypto Currency Index (CCI30) has been presented to the public. Comprised of the 30 crypto currencies with the biggest market capitalization, the CCI30 is the first index of its kind to track the booming crypto currency marketplace. Its constituent currencies represent 93% of the world's total crypto currencies market cap.
The mathematical models that power the index – think of it as an S&P 500 for crypto currencies – were created by a team of prizewinning mathematics PhDs, quantitative analysts and traders, led by Igor Rivin, Professor of Mathematics at Temple University, until recently Regius Professor of Mathematics at St. Andrews University, and Carlo Scevola, economist and investor, director of Hermes Asset Management.
"Keynesian economic policies have eroded the public's faith in 'fiat money' such as dollars and euros," said Scevola, who runs a financial advisory firm. "Crypto currencies are filling a void, and our index will help investors gain insights into this exploding marketplace."
Scevola continued: "This is the first crypto currencies index that can be used as an actual investment tool, not just an academic curiosity or a marketing gimmick. Despite our strong theoretical background, we didn't forget that we are first of all investors and traders, and as such we wanted and needed an index that has a practical use. It is set to be the benchmark for this sector, and it will be widely adopted by investment funds and ETFs."
full article http://www.investorideas.com/news/2017/bitcoin/10162CryptoCurrency.asp
The mathematical models that power the index – think of it as an S&P 500 for crypto currencies – were created by a team of prizewinning mathematics PhDs, quantitative analysts and traders, led by Igor Rivin, Professor of Mathematics at Temple University, until recently Regius Professor of Mathematics at St. Andrews University, and Carlo Scevola, economist and investor, director of Hermes Asset Management.
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"Keynesian economic policies have eroded the public's faith in 'fiat money' such as dollars and euros," said Scevola, who runs a financial advisory firm. "Crypto currencies are filling a void, and our index will help investors gain insights into this exploding marketplace."
Scevola continued: "This is the first crypto currencies index that can be used as an actual investment tool, not just an academic curiosity or a marketing gimmick. Despite our strong theoretical background, we didn't forget that we are first of all investors and traders, and as such we wanted and needed an index that has a practical use. It is set to be the benchmark for this sector, and it will be widely adopted by investment funds and ETFs."
full article http://www.investorideas.com/news/2017/bitcoin/10162CryptoCurrency.asp
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