Bitcoin to be Like a Flu, Barclays Says

Analyst Joseph Abate found a lot of common between "digital gold" and infection
10 April 2018   167

Barclays Plc analyst has found enough similarities between bitcoin and infectious diseases in order to build a valuation model for the asset, originating from the world of epidemiology. This is reported by Bloomberg.

The analyst broke the pool of potential bitcoins-investors into 3 groups: susceptible, infected and unreceptive. He argues that when the price rises, the infection spreads.

As more of the population become asset holders, the share of the population available to become new buyers -- the potential ‘host’ population -- falls, while the share of the population that are potential sellers (‘recoveries’) increases. Eventually, this leads to a plateauing of prices, and progressively, as random shocks to the larger supply population push up the ratio of sellers to buyers, prices begin to fall. That induces speculative selling pressure as price declines are projected forward exponentially.
 

Joseph Abate

Analyst, Bloomberg

A similar dynamics is observed in the spread of infectious diseases, when the epidemic reaches the so-called threshold of immunity - "the point at which a sufficient portion of the population becomes immune such that there are no more secondary infections" the analyst writes.

The main variable that determines when the BTC price is replaced by a fall is the share of the population who is aware of bitcoin and who wants to invest (susceptible population), Barclays says. Studies show that in developed economies, everyone knows about bitcoin, and the share of the susceptible population is small, the analyst writes.

Analyst team believes that the speculative froth phase of cryptocurrency investment -- and perhaps peak prices -- may have passed.

Australia joins the crypto-discussions arena with Bitcoin & Blockchain Fair

The inaugural Bitcoin and Blockchain Fair will be presented at the Sydney Showgrounds on May 12-13 with an all-round program about cryptocurrency and blockchain
21 April 2018   36

A high profile event in cryptocurrency and blockchain is coming to Sydney, Australia on May 12-13 – Bitcoin and Blockchain Fair. The conference will provide a platform to interact and discuss on all areas of the cryptocurrency and blockchain technology sectors (fintech, investment, venture capital, regulation, ICO, etc.), current opportunities and perspectives in the form of a Forum and an Exhibition Showcases.

The Exhibition Showcase that will allow to exhibit showcases and engage with crypto services providers, government and fintech startups. Forum is the bulk of the conference and is comprised of 2-day sessions to allow international speakers and industry leaders of the crypto and blockchain sectors a chance to share their expertise. May 12 is focusing on cryptocurrency and ICO engagement; May 13 wil cover blockchain technology overview, case studies, solutions and future trends.

The fair is organized by ABF Business and Principal Sponsor Coinspot. Exhibitors and Speakers include attendees from Asia, Europe and USA together with key Australian high profile crypto & blockchain enterprises. The full agenda of the event can be found here.