Our View on Recent Volatility

by Matthew Harcourt May 25, 2021

Over the past two weeks there has been immense volatility in the crypto markets with Bitcoin and Ethereum correcting -50% and -61% peak-to-trough respectively since the 10th of May. While long term crypto asset investors are no strangers to major corrections, this market wide sell off was particularly brutal. In this article we will outline […]

Crypto Asset Valuation Revisited

by Henrik Andersson April 28, 2020

Excitingly, valuation of crypto assets are starting to look more and more like traditional cash flow valuation, especially with the rise of what we call Work Tokens. This is a follow-on to our earlier piece A New Crypto Valuation Framework We find that most crypto assets falls in one of several of the below categories. […]

China and Libra

by Tim Johnston October 29, 2019

A wave of skepticism and scrutiny has followed Libra’s announcement in June this year. Almost everyone has jumped on board the ‘bash Facebook’ train. Last week Mark Zuckerberg appeared before the House Financial Services Committee for a six-hour hearing on Libra. Surprisingly, indirect help for Libra’s project came a few days after the hearing, from […]

A New Crypto Valuation Framework

by Henrik Andersson May 14, 2019

Crypto valuation is still a nascent and evolving subject. With something radically new like crypto it is easy to fall into the trap of trying to fit it into the framework of something familiar. Instead we believe crypto assets are be a diverse set of different type of assets, with different valuation frameworks. Most crypto […]

Volatility, Opportunity & Position Sizing

by Tim Johnston January 18, 2019

Our edge at Apollo Capital is our experience in both traditional financial markets and crypto markets. On a daily basis, Henrik and I draw upon our experience from traditional markets to construct a portfolio of crypto assets. Combined with our knowledge of crypto assets, we are the best in the country, if not further afield, […]

Crypto-Assets: a Compelling Alternative Investment

by Henrik Andersson June 25, 2018

Investing in crypto-assets before 2017 was a very niche activity, largely limited to technologists, libertarians, and some speculative investors. This is changing. Goldman Sachs, perhaps the most storied name in finance, has confirmed their intention to trade bitcoin. Closer to home, the ASX announced that by 2020, they will switch to a blockchain-based distributed ledger […]