A new report from market data aggregator CoinShares has revealed recent surging crypto inflows amid record gold outflows. The report, published Dec. 7, notes that gold investment products have seen record outflows of $9.2 billion over the past four weeks, while BTC products saw inflows of $1.4 billion. The combined crypto fund sector saw record inflows of $429 million over the past two weeks, with Ethereum funds attracting significant investment following the completion of Eth2’s Phase 0 with the launch of the Beacon Chain on Dec. 1. Despite representing 14% of the capital locked in crypto investment products, 20% or …
Cyber•Fund says that Bitcoin will lead to a new cybernetic economy. In a quirky new report, the fund explores how far along this new economy has come and makes some interesting predictions. “Cybernetic economy should multiply human wealth 10 times every 18 months,” cyber•Fund architect Dima Starodubcev said in the slide-show-style report. The report dives into the economy of DAOs (decentralized autonomous organizations), defined as a company that makes decisions and leads itself—Bitcoin is an example, and so are projects like Ethereum and NXT. The authors say the economy in the early stages, but that it will grow rapidly. By …