In our previous report, we looked at the high appetite of individuals in emerging markets for cryptocurrency. Remittances are one of the key reasons for cryptocurrency adoption in some markets (eg Venezuela). Africa is the smallest region, with a mer...
Holding Bitcoin alone outperformed buying and holding the top 10 coins from 2014 by 500%. Technological advancements continue to drive price growth in the new coins – Ethereum being the most notable. The number of cryptocurrencies in circulation has ...
Gold had a volatile day on Wednesday and is US$1,859 per ounce at the time of writing. However, it suggests this is likely to mark the bottom of the current flag pattern. The longer-term correlation is much more robust, with gold and the S&P 500 curr...
We have compiled a dynamic index of the top 10 cryptocurrencies (ex-stable coins) by market capitalisation, with each constituent being equally weighted (unlike traditional market cap indices such as the SP500). There are around 4,000 existing crypto...
Several years ago, as Head of Research at Tellimer, I was sitting with a junior analyst over lunch in Dubai. In many other developing economies, however, the central bank lacks this degree of credibility. These are the countries where blockchain-base...
For those of us living in developing countries, it’s easy to forget that money actually has three distinct functions: a unit of accounting, a store of value and a means of exchange. After a small-scale, privately funded pilot in the beach town of El ...
A number of factors, including China’s recent crackdown on cryptocurrency mining, falling enthusiasm for gold among younger Indians and El Salvador’s embrace of Bitcoin, have led clients and colleagues to ask me for a framework to think about central...
While the Delta variant is todays story, the 2H narrative will shift to a DM vaccine production surge leading to EM vaccination spikes, reopenings and a synchronized global expansion. Carbon pricing unites the two and will drive the decarbonization e...
Dubai has liberalised its visa regime, falls under the UAE's Abraham Accords with Israel, has maintained a globally rare sense of normality during Covid in terms of outdoor activities and open schools, and is efficiently vaccinating its population. E...
Both Nigeria and El Salvador have cited lowering the cost of remittances as a key motivation. The President indicated that eNaira and physical Naira would always be exchangeable on a 1:1 basis. Moreover, our own detailed study of the global remittanc...
