Author: Stefan A. Höchle

Stefan A. Höchle started his career as a bond trader and expanded into other asset classes as a trader and portfolio manager before founding a hedge fund and later an asset management company. Since 2017 he has been working extensively with crypto-currencies and brings his knowledge as an active investor and advisor to the still young blockchain world.

Investing

Why Bitcoin belongs in a portfolio

Bitcoin is still a young digital currency, or alternatively a digital asset. Thanks to its uncorrelatedness to traditional asset classes and its high risk-adjusted return profile, Bitcoin is ideally suited for inclusion in a balanced portfolio. A young emerging asset class The still young digital currency Bitcoin is currently perceived more as a store of value than as a digital currency. The underlying protocol based on block chain and cryptography, guarantees a disintermediate value transfer via the Internet. Bitcoin is the currency of this decentralized payment network and, like other crypto-currencies, is traded around the clock on various exchanges. In…

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Finanzmärkte Investing

A look at the financial markets in 2020

In recent days, the traditional financial markets have experienced increased volatility. What is commonplace in the cryptomarkets has visibly disappeared in the traditional asset classes. A look at the last few years and current events on the markets. General macro situation of the financial markets Let us take a quick look at the general situation without going into too much detail. If we want to understand the current situation in the traditional financial markets, the following topics stand out: zero interest rate policy, money supply expansion and leverage. Over time, the first two conditions led to a pronounced last constellation…

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