In search of bitcoin’s future value

Bitcoin futures prices appear to be settling down to a small premium above the cryptocurrency’s spot price. But by how much should futures prices differ from spot? According to financial […]

Bitcoin market seeks best hedging tool

For any investor exposed to bitcoin’s wild price movements during the closing months of 2017, a reliable and liquid hedging tool must have been top of a Christmas wish list. […]

A new experiment in private money

By launching in competition to government-issued fiat currencies, cryptocurrencies are a new version of private money, an asset class with a long tradition, says Lawrence H. White, a professor of […]