Which Digital Currency will Win: Bitcoin or Ether?

Which Digital Currency will Win: Bitcoin or Ether?

Chris Skinner

Chairman at The Financial Services Club

Views 1087

Which Digital Currency will Win: Bitcoin or Ether?

22.11.2016 07:45 am

I’m a big fan of Kraken, the digital currency exchange in California, as it’s my main exchange for investing in digital assets.  If you want to know more, checkout their general overview at the end of this blog.  I’m also a fan of their blog, which regularly sends me interesting stuff and they’ve just launched a competition to see who the world thinks will be the digital currency of the future.

The competition is:

If you had $1 million to invest across bitcoin and ether today, knowing that you cannot touch your investment for the next 5 years, how much of that $1 million do you invest in each and why?

Kraken, in partnership with The Economist, asked MBA programs from around the world the question and each of the thirteen participating teams produced both a 5 minute video and a detailed, analytical paper explaining their answer and reasoning. Watch the short videos that each team presented to argue their case. Then help determine the 1st, 2nd, and 3rd place winners of the contest by voting for your favorites below. $18,000 in total prizes go to the top 3.

Review the school presentations

Playlist of all videos:


BYU Marriott School of Management (78% bitcoin / 22% ether)

Video summary:

Full solution: http://www.economist.com/sites/default/files/the_digital_asset_of_the_future__team_byu.pdf

Creighton University, Heider College of Business (70% bitcoin / 30% ether)

Video summary:

Full solution:

FIA Business School (70% bitcoin / 30% ether)

Video summary:

Full solution:

Johns Hopkins Carey Business School (50% bitcoin / 50% ether)

Video summary:

Full solution:

Middlebury Institute of International Studies (70% bitcoin / 30% ether)

Video summary:

Full solution:

Porto Business School (20% bitcoin / 80% ether)

Video summary:

Full solution:

Rutgers Business School (20% bitcoin / 80% ether)

Video summary:

Full solution:

Ryerson University, Ted Rogers School of Management (69% bitcoin / 31% ether)

Video summary:

Full solution:

Tuck School of Business at Dartmouth (91% bitcoin / 9% ether)

Video summary:

Full solution:

Tulane University, Freeman School of Business (67% bitcoin / 33% ether)

Video summary:

Full solution:

University of North Texas (60% bitcoin / 40% ether)

Video summary:

Full solution:

Worcester Polytechnic Institute, Robert A. Foisie School of Business (100% ether)

Video summary:

Full solution:

Ivey Business School at Western University (No investment recommendation)

Video summary:

Full solution:

See Kraken’s investment challenge on The Economist website:

How to vote

Vote by filling out this anonymous form:

An overview of Kraken

Kraken, based in San Francisco and founded in 2011, lets you exchange multiple currencies and buy bitcoins on its platform.  Currencies traded include bitcoin, Ripple, Dogecoin, Litecoin, Ven, U.S. dollars, the euro, and the Korean won. Using the International Standards Commission’s abbreviation for bitcoin, Kraken uses XBT rather than BTC. The X designates a decentralized currency. This San Francisco Company offers a quick platform for customer exchanges, the website itself is well planned, and the designers incorporated a light-hearted look to the website itself.  This review by SteveIQ sums it all up nicely from a users’ viewpoint:

Kraken is a great exchange focusing on the experience of the investor. I love that they have 21 different types of currencies on the exchange making it easy for investors to diversify and they have ranges of fees available in plain sight.

The company uses innovation and good security to structure a safe and viable trading platform, and integration with Bloomberg terminals in 2014 provided greater visual access for this company.   Equally when Mt.Gox imploded, the mess has gradually been sorted out with users being redirected to Kraken as the preferred exchange to file a bankruptcy claim.  As a result, it is the key player in the bitcoin world, and has acquired many other similar exchanges in its path towards global supremacy, including the Dutch Exchange Clevercoin and the North American Exchange Coinsetter.

An example of the Exchange’s leadership is that, according to data from Kaiko, Kraken posted more than 6,000 BTC in EUR/BTC volume on 17th January 2016, at a time when competing exchanges BTC-e, Coinbase and itBit recorded 856 BTC, 512 BTC and 49 BTC in volume, respectively.


Latest blogs

N/A ReliaMax

College Dreams? Here’s How to Get Accepted

Higher education in the United States is not just about getting accepted, it is about where you get accepted. Sure, there are options, there are seemingly endless options - from community colleges to Ivy League schools and everything in between. The Read more »

Bobby Gill GCWealth

Bobby Gill: 3 Ways Fintech is Helping Small Businesses During the Pandemic

Image Source: Pixabay. Back in April, the US oil prices sank to a 20-year low. In the UK, road traffic levels hit a 70-year low. Worldwide, due to lockdown, retail, travel, and restaurant bookings have dropped by 85%. More than 430 million Read more »

Christa Ardley Bitstocks

Bitcoin and blockchain without the b******t

An industry once viewed by the general populace as a haven for criminals and online scammers, and still somewhat marred by fractious in-fighting, Bitcoin and blockchain are gradually casting off their outdated negative reputation; as the focus Read more »

Otabek Nuritdinov Safenetpay

Beyond Payments Services

    Why it really matters for small for medium-sized enterprise (SMEs) to choose the right payments services provider. Strategic planners in the financial services sector often define their business in terms of products that Read more »

Chak Kolli DXC Technology

How Can Insurers Realise the True Value of AI?

As Artificial Intelligence (AI) and digital transformation find their way into every aspect of our daily lives, we are gradually seeing changes taking place in different sectors. Progressively, AI is permeating the insurance value chain and it is Read more »

Related Blogs

Christa Ardley Bitstocks

Bitcoin and blockchain without the b******t

An industry once viewed by the general populace as a haven for criminals and online scammers, and still somewhat marred by fractious in-fighting, Bitcoin and blockchain are gradually casting off their outdated negative reputation; as the focus Read more »

Danny Scott CoinCorner

Too early to say whether or not Bitcoin is a true safe haven asset

“The past decade has been a turbulent time for Bitcoin - we've experienced bull markets, bear markets, 10% swings (in both directions), China banning Bitcoin, China unbanning Bitcoin, China banning Bitcoin (again), China unbanning Bitcoin (again), Read more »

Danny Scott CoinCorner

Opera becoming first major browser to enable Bitcoin payments

CoinCorner’s CEO, Danny Scott, commented: “It's great to see a company like Opera getting involved in the cryptocurrency industry. It was actually my browser of choice back in the early 2000s and this innovation may encourage me to move back to them Read more »

Jean-Paul Carbonnier CarboKinetic

Market Data, Reference Data and Blockchain

Blockchain, or distributed ledger technology (DLT), has the potential to disrupt a wide range of business models across the financial services industry. However, the potential application of blockchain to the worlds of market data and reference data Read more »

Henry Benjamin Skycoin

Why the Future of Cryptocurrency isn't Bitcoin

The world was introduced to cryptocurrencies with Bitcoin, and at present, it is still the de facto cryptocurrency on the market. The thing is, the future of cryptocurrency doesn't lie with BTC. The majority of things that are first to market always Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel