I read this post this morning on why this fintech analyst and investor is “short ethereum”.
The pro-bitcoin and anti-ethereum arguments are interesting and worth digesting if you are into the blockchain sector as I am.
But more interesting to me is that we are talking about some fairly cutting edge computer science here. Ethereum is still very much a work in progress. A computer science experiment. And a very ambitious one too.
And yet they are tradeable, like stocks, bonds, currencies, etc. You can short them or put on a hedged trade (long BTC/short ETH).
Biotech has long been like this. There are publicly traded biotech companies that are doing cutting edge science and you can place bets on wether these experimental projects will succeed in developing some new medical miracle, or not.
But “tech” has not really been like that. You had to be an angel or early stage investor to make these sorts of bets in the software sector.
Not any more. You can buy and sell alt-coins, token, ICOs, or whatever else you want to call these digital assets.
It is fascinating to see this happening and think about where it might go.
