3iQ Research Group consolidates the top five cryptoasset stories of interest
to investment advisors and our investors.


Hedge Fund Owner: Buy Bitcoin While it’s Cheap

May 31, 2018 – Pantera Capital Management Founder Dan Morehead thinks that bitcoin has reached its bottom this year and is at an attractive buying level. Founded in 2013, Pantera Capital Management is one of the first US bitcoin firms. The company also actively participates in ICOs and other cryptocurrencies. Morehead notes that cryptocurrencies as a whole are at an attractive level to buy, down about 65% from their highs at the start of the year. Morehead recommends that traders use traditional market indicators, such as moving averages and the Relative Strength Index (RSI) to determine good entry levels in cryptocurrencies.

“Many institutions are essentially buying the rumor [of potential SEC regulations] and selling the fact,” Morehead notes in an interview. “Getting invested now so that in three, four, five months when the institutional, quality-regulated custodians that we’re hearing about come online, they’ll already have their positions.”

Read the full article here.



35% of High Net-Worth Individuals are Investing in Cryptocurrencies

May 29, 2018 – In a recent survey conducted by the deVere Group, approximately 35% of high net-worth individuals have already purchased cryptocurrencies or intend to do so by the end of the year. The survey was conducted on over 600 high net-worth individuals from the US, UK, Germany, France, Spain, Switzerland, Qatar, South Africa, and Hong Kong. CEO and Founder of deVere Group Nigel Green sees the survey’s findings as a positive, as more of the world’s most influential are unable to ignore the investment potential of cryptocurrencies.

“This mainstream expansion is clearly evidenced by the fact that more than a third [35%] of wealthy individuals around the world – who are already likely to be successful investors – are telling us that they already have exposure to crypto or that they will have by the end of this year.” Green adds that “there’s now surging public awareness of the value, need and demand for digital, global currencies in a digitalized, globalized world.”

Read the full article here.

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3iQ’s Top 5 Cryptoasset Stories of the Week


Traders are Leaving Wall Street and Becoming Crypto Advocates

May 24, 2018 – While Wall Street continues debating whether cryptocurrencies will become a profit powerhouse or a legal liability, some traders have already made incredible returns from personal investments in cryptocurrencies, and are beginning to turn away promising jobs from their firms. Some of the notable Wall Street firms such as Goldman Sachs, Deutche Bank, and BlackRock have had employees leave for other opportunities in the cryptoasset space. Some employees, like Asim Ahmad from BlackRock, have not only left their jobs, but are now becoming active advocates of cryptocurrencies and the blockchain. Ahmad now helps run a fund that invests in blockchain ventures which have positive environmental and social impacts after getting involved with the cryptocurrency ether and its underlying Ethereum blockchain back in 2016.

Former BlackRock fixed-income specialist Adam Grimsley says “you’ve seen a bifurcation internally at many larger houses where senior managers are very skeptical about crypto, while graduates and younger team members are very positive.” Grimsley adds that “the youngsters may have less intellectual baggage and may be more open-minded, but they also have less responsibility for managing risk and working out the practicalities of bolting on crypto to the existing business.”

Read the full article here.


Famed Economic Historian Tells Bank of England That Bitcoin Could be the “Financial System of the Future”

May 28, 2018 – Famed economic historian Niall Ferguson, the author of The Ascent Of Money and The House Of Rothschild, told the Bank of England in a seminar that bitcoin is one of the major challengers of the fiat-based system, and that bitcoin could be the financial system of the future. Back in 2017, Ferguson mentioned that if the world’s millionaires collectively held just 1% of their wealth in bitcoin, the price would be “north of $60,000”.

Ferguson says that “the financial system of today is not fundamentally that different than the financial system of the pre-crisis period, except that big banks are better capitalized. I don’t think much else is really different. The novelties, the things that will really matter ten years hence are still relatively small in scale. Whether its bitcoin or cryptocurrency generally or the massive revolution in online payments that is being achieved by the big Chinese tech companies, that’s the financial system of the future, and it is still small enough not to be systemically important in 2018. In short, I am left feeling we are only a matter of time before the next crisis.”

Read the full article here.


Market Technician: Bitcoin has Found a Bottom

May 31, 2018 – Robert Sluymer, the Head of Technical Strategy at Fundstrat Global Advisors, thinks that bitcoin has found its bottom at $7000 and is a technical buy off its long-term historical trendline. He notes that bitcoin has recovered off this level several times this year already. He also sees that the upside momentum off this level looks positive for a long position. Last week, Fundstrat co-founder and analyst Tom Lee re-iterated his bitcoin price target and still sees bitcoin hitting $25,000.

“The next thing that has to happen is to see Bitcoin actually rally through the downtrend and we use the 15-day moving average, it’s very simplistic, but it’s a pretty good proxy across most markets,” Sluymer said. “Its 15-day moving average of roughly $7,800 will be the next hurdle for it to get through.”

Read the full article here.


3iQ Global Cryptoasset Fund: Price as at June 1, 2018

3iQ is the first regulator approved multi-cryptoasset portfolio manager in Canada, providing accredited investors with exposure to bitcoin, ether, and litecoin through its 3iQ Global Cryptoasset Fund.


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